Supreme Court · 2020 INSC 490 · Decided 14 August 2020
Babulal Vardharji Gurjar v. Veer Gurjar Aluminium Industries PVT. LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 490 · [2020] 13 S.C.R. 368
- Case number
- CIVIL APPEAL No. 6347/2019
- Decided
- 14 August 2020
- Bench
- A.M. KHANWILKAR, DINESH MAHESHWARI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 18, 137, 62; IBC Section 7, 238
Headnote
Insolvency and Bankruptcy Code, 2016 - ss.7 and 238-A - Limitation Act, 1963 - s.18 and Art.137 - On or about 22.12.2007, the Lender Banks sanctioned and extended various loans, advances and facilities to the The respondent no.1 defaulted in payment of the amount due against such loans, advances and facilities, its account was classified as Non-Performing Asset on 08.07.2011 - Recovery proceedings against the corporate debtor by the consortium of lenders u/s.19 of the Recovery of Debts due
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