Supreme Court · 2025 INSC 911 · Decided 30 July 2025
Il & FS Financial Services Limited v. Adhunik Meghalaya Steels Private Limited
- Court
- Supreme Court of India
- Citation
- 2025 INSC 911 · [2025] 7 S.C.R. 1823
- Case number
- CIVIL APPEAL No. 5787/2025
- Decided
- 30 July 2025
- Bench
- MANOJ MISRA, K.V. VISWANATHAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 3; Limitation Act Section 18; IBC Section 7, 238A
Headnote
Whether the Tribunals below were justified in holding that the s.7 application under the IBC filed by the appellant on 15.01.2024 was barred by time; does the entry in the Balance Sheet of F.Y. 2019-20 constitute a valid acknowledgement of debt by Limitation Act, 1963; will Para 5(I) or 5(III) of the order dated 10.01.2022 passed by the Supreme Court in Suo Moto Writ Petition No. 3 of 2020 govern the situation. Insolvency and Bankruptcy Code, 2016 - ss.7, 238A - Limitation Act, 1963 - s.18 - Effect
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