Supreme Court · 2017 INSC 1046 · Decided 24 October 2017
International Asset Reconstruction Company of A India LTD v. The Official Liquidator of Aldrich Pharmaceuticals LTD. and Others
- Court
- Supreme Court of India
- Citation
- 2017 INSC 1046 · [2017] 10 S.C.R. 199
- Case number
- CIVIL APPEAL No. 16962/2017
- Decided
- 24 October 2017
- Bench
- RANJAN GOGOI, ABHAY MANOHAR SAPRE, NAVIN SINHA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC; Constitution Article 226, 227; Limitation Act Section 5, 29(2)
Headnote
Limitation Act, 1963: s.5 - D.elay - Condonation of- Applicability of s.5 to proceeding under s.30 of the RDB Act - Whether s.5 of the Limitation Act, 1963 can be inFoked to condone B c the prescribed period of 30 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act), for preferring an appeal before the Tribunal, against an order of the Recove1y officer - Held: D 711e RDB Act is a special law and a complete code by itself with regard to expeditious recoFery of dues to banks and financial
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