IBC- Article 137 Limitation Act Applies To Section 7 Applications; Not Article 62: SC [Read Judgment]

The Supreme Court has held that Article 62 of the Limitation Act would only apply to suits and not to "an application" which is filed under Section 7 of the Insolvency and Bankruptcy Code, which would fall only within the residuary Article 137. The bench of Justice Rohinton Fali Nariman, Justice R. Subhash Reddy and Justice Surya Kant was considering an appeal against the NCLT...