The Supreme Court of India, comprising a bench of Justice J. B. Pardiwala and Justice Manoj Misra, has held that proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be used to give a new lease of life to time-barred debts, ruling that the mere subsistence of an agreement does not extend or grant
IBC Cannot Give New Lease of Life to Time-Barred Debts; Mere Subsistence of Contract Does Not Keep Limitation Alive: Supreme Court
