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Episode 34 - Babulal Vardharji Gurjar vs. Veer Gurjar Aluminium Industries - Supreme Court on the Applicability of Limitation Act to IBC
In Babulal Vardharji Gurjar vs. Veer Gurjar Aluminium Industries, both NCLT and NCLAT had admitted CIRP application even when the date of initiation of CIRP Application is more than 3 years from the date of default. The real fight is between Article 137 and Article 62 of the Limitation Act, 1963 and whether the decision of NCLT and NCLAT to admit the application upon invocation of Article 62 of the Limitation Act, 1963 is valid?
The matter landed before the Supreme Court and in this podcast Mr Vineeth Vakiti explained the decision of the Supreme Court and the rationale thereof.
If VListen... We Learn!
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By VListenIn Babulal Vardharji Gurjar vs. Veer Gurjar Aluminium Industries, both NCLT and NCLAT had admitted CIRP application even when the date of initiation of CIRP Application is more than 3 years from the date of default. The real fight is between Article 137 and Article 62 of the Limitation Act, 1963 and whether the decision of NCLT and NCLAT to admit the application upon invocation of Article 62 of the Limitation Act, 1963 is valid?
The matter landed before the Supreme Court and in this podcast Mr Vineeth Vakiti explained the decision of the Supreme Court and the rationale thereof.
If VListen... We Learn!