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Supreme Court Upholds NCLAT Decision on Limitation in Insolvency Petition Initiated by Financial Creditor. Application Under Section 7 of Insolvency and Bankruptcy Code, 2016 Held Within Limitation After Excluding Time Spent in SARFAESI Proceedings Under Section 14(2) of Limitation Act, 1963.

The appeal arose from a judgment of the National Company Law Appellate Tribunal (NCLAT) dismissing an appeal against an order of the National Company ...

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Supreme Court Dismisses State's SLP as Time-Barred Due to 663-Day Delay, Imposes Costs for Wasting Judicial Time. Government Inefficiency Not a Valid Ground for Condonation of Delay Under Section 5 of Limitation Act, 1963.

The Supreme Court dismissed a Special Leave Petition filed by the State of Madhya Pradesh as time-barred due to an inordinate delay of 663 days. The C...