plan for the Corporate Debtor under
Section 31 IBC on 07.04.2022. In terms of Section 61(2) IBC, the limitation
period of 30 days ... limitation periods under the IBC.
13
(2022) 2 SCC 244
21
It was held that under section 61(2) IBC, the limitation period for filing
specifically refers to the adjudicating
authority under the IBC, to hold that the nature of proceedings under the IBC,
is effectively similar and relates ... which would prevent further
proceedings under the IBC.
23. A perusal of the petition under Section 8 of IBC, filed before the NCLT
under the IBC must be
pinned down to 28.02.2014, the date of default as mentioned in Part III
of the petition under Sec.95 IBC ... principal borrower had laid C.P.4442 of
2018 under Sec.10 IBC), then limitation would expire on 19.11.2021. And,
even if the second part
computation of limitation periods
under the IBC. It was held that under section 61(2) IBC, the limitation
period for filing an appeal ... excluded from the limitation period under section 12(2)
of the Limitation Act. Thus, this decision underscores the IBC's
objective of ensuring timely
computation of limitation periods
under the IBC. It was held that under section 61(2) IBC, the limitation
period for filing an appeal ... excluded from the limitation period under section 12(2)
of the Limitation Act. Thus, this decision underscores the IBC's
objective of ensuring timely
period under Article 62 of the Limitation Act to make a Claim
but if it were to institute a proceeding under Sec.7 IBC ... CIRP, if the Claim itself is
not barred by limitation under Article 62 of the Limitation Act . This distinction
17
is amply amplified In Babulal
under the IBC must be
pinned down to 28.02.2014, the date of default as mentioned in Part III
of the petition under Sec.95 IBC ... principal borrower had laid C.P.4442 of
2018 under Sec.10 IBC), then limitation would expire on 19.11.2021. And,
even if the second part
period under Article 62 of the Limitation Act to make a Claim
but if it were to institute a proceeding under Sec.7 IBC ... CIRP, if the Claim itself is
not barred by limitation under Article 62 of the Limitation Act . This distinction
17
is amply amplified In Babulal
computation of limitation periods under the IBC. It was
held that under section 61(2) IBC, the limitation period for
filing an appeal ... excluded from the
limitation period under section 12(2) of the Limitation Act.
Thus, this decision underscores the IBC's objective of
ensuring timely
initiated action under Section 7
or 9 of IBC and must be made before the expiration of the prescribed period of
limitation including the fresh ... acknowledgment of debt which was
sufficient to revive the limitation under IBC. In addition, the registration of debt
and its authentication
