It is for the Financial Creditor to prove that documents acknowledging the liability were executed within the three-year period, which would have enabled the Financial Creditor to take advantage of section 18 of the Limitation Act 1963 – India Resurgence ARC Private Limited Vs. Indian Steel Corporation Limited – NCLT Mumbai

I. Case Reference Case Citation : [2020] ibclaw.in 06 NCLT Case Name : India Resurgence ARC Private Limited Vs. Indian […]

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I. Case Reference

Case Citation : [2020] ibclaw.in 06 NCLT
Case Name : India Resurgence ARC Private Limited Vs. Indian Steel Corporation Limited
Financial Creditor : India Resurgence ARC Private Limited
Corporate Debtor : Indian Steel Corporation Limited
C.P. No. : CP (IB) No. 3846/MB-II/2019
Order Date : 8-May-20
Court/Bench : NCLT Mumbai Bench
Act : Insolvency & Bankruptcy Code 2016
Present for Appellant : Mr Ravi Kadam, Sr Advocate, Mr Chetan Kapadia, Mr Sitesh Mukherjee, Mr Vividh Tandon, Ms Ritika Ajitsaria, i/b Trilegal, Advocates
Present for Respondents  : Mr Janak Dwarkadass, Sr Advocate, Mr Prateek Seksaria, Mr Shyam Kapadia, Ms Komal Khushalani, Mr Shadab Jan, Ms Prerna Wagh, Mr Yash Tembe, i/b Crawford Bayley & Co,, Advocates
Member (Judicial) : Mr. Rajasekhar V.K.
Member (Technical) : Mr. Ravikumar Duraisamy

II. Full text of the judgement


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