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Supreme Court Allows Appeal in IBC Limitation Dispute — Application Under Section 7 Held Barred by Limitation. Acknowledgment of Debt in Balance Sheets Does Not Extend Limitation for Initiating CIRP Under IBC.

The Supreme Court allowed the appeal filed by Babulal Vardharji Gurjar, a director of Veer Gurjar Aluminium Industries Pvt. Ltd., against the order of...

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Supreme Court Allows Appeal on Parity Grounds in Bank Loan Misconduct Case. Converts Removal from Service to Compulsory Retirement for Bank Officer Where Co-Delinquents Received Lesser Punishment for Similar Misconduct.

The appellant, Naresh Chandra Bhardwaj, was a Scale II Officer with the Bank of India. While posted at the Lal Bangla Branch, Kanpur, he sanctioned th...