Applicability of Limitation to insolvency applications: NCLT Mumbai carves out exception

Applicability of Limitation to insolvency applications: NCLT Mumbai carves out exception
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The Mumbai Bench of NCLT has held that, a debt that is barred by limitation can be proceeded against under provisions of the Insolvency and Bankruptcy Code (IBC), if the debt continued to be recorded in the books of the corporate debtor.

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