The Supreme Court of India has set aside the orders of the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) admitting a corporate insolvency process, clarifying that the period of limitation for a Section 7 application under the Insolvency and Bankruptcy Code (IBC) must be reckoned from the date the
Section 7 IBC Limitation Runs from Date of NPA; IRP’s Admission Not Acknowledgment: Supreme Court Sets Aside CIRP Admission
