Section 9 IBC- Limitation Does Not Commence When The Debt Becomes Due But Only When A Default Occurs: Supreme Court
LIVELAW NEWS NETWORK
5 Feb 2022 10:21 AM IST

Next Story
5 Feb 2022 10:21 AM IST
The Supreme Court has held that limitation does not commence when the debt becomes due but only when a default occurs.The bench comprising Justices DY Chandrachud, Surya Kant and Vikram Nath that the debt is defined in Insolvency and Bankruptcy Code as the non-payment of the debt by the corporate debtor when it has become due. In this case, the appellant placed orders with the...
Your support helps us to bring you more content at
an affordable subscription scheme !!!
All payment options available
