Question of limitation has to be looked into from the angle whether the debt is payable in law or in fact. Although the proceeding under IBC is an Application, question for consideration is whether the debt is payable in law. The yardstick is to see whether there is continuous cause of action for the debt claimed. – Mr. Basab Biraja Paul Vs. Edelweiss Asset Reconstruction Company Limited – NCLAT

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WhatsApp Bulletin-26