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Insolvency Bulletin-Weekly IBC Case Laws Digest: 23rd May to 29th May, 2022

May 31, 2022

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A liability in respect of a claim arising out of a Recovery Certificate would be a Financial Debt within Section 5(8) of IBC and a limitation period of three years starts from the date of issuance of the Recovery Certificate – Kotak Mahindra Bank Ltd. Vs. A. Balakrishnan and Anr. – Supreme Court

G M Infinite Dwelling (India) Pvt. Ltd. Vs. The Real Estate Regulatory Authority, Karnataka and Ors. – Karnataka REAT

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