Supreme Court · 2023 INSC 820 · Decided 12 September 2023
Axis Bank Limited v. Naren Sheth & ANR.
- Court
- Supreme Court of India
- Citation
- 2023 INSC 820 · [2023] 14 S.C.R. 581
- Case number
- CIVIL APPEAL No. 2085/2022
- Decided
- 12 September 2023
- Bench
- VIKRAM NATH, AHSANUDDIN AMANULLAH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 18, 5, 14; IBC Section 7, 62; SARFAESI Act
Headnote
HEADNOTES Issue for consideration: NCLAT dismissed the appeal fi led by the appellant upholding the order passed by the Adjudicating Authority whereby it admitted the application u/s.7, Insolvency and Bankruptcy Code, 2016 fi led by Respondent No.2-Secured Creditor against the the delay. Respondent No.2 whether entitled to the benefi t of s.18, Limitation Act and whether s.5 thereof would also be applicable. Insolvency and Bankruptcy Code, 2016 - s.7 - Limitation Act, 1963 - ss.18, 5 - Respondent No.2 fi led application u/s.7 against the
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