Supreme Court · 2022 INSC 986 · Decided 19 September 2022
M/S Tech Sharp Engineers PVT. LTD. v. Sanghvi Movers Limited
- Court
- Supreme Court of India
- Citation
- 2022 INSC 986 · [2022] 13 S.C.R. 922
- Case number
- CIVIL APPEAL No. 296/2020
- Decided
- 19 September 2022
- Bench
- INDIRA BANERJEE, J.K. MAHESHWARI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 14, 18, 14(2); IBC Section 9, 8(1), 7
Headnote
Insolvency and Bankruptcy Code, 2016: s.9 - Initiation of Corporate Insolvency Resolution Process (CIRP) - Applicability of Limitation Act - Pursuant to agreement, respondent let out a crane on hire to the appellant - on the appellant between 03.01.2013 and 04.03.2013 for a sum of Rs.38,84,709/- - On 14.10.2013, Respondent issued statutory notice to Appellant-Company for its winding up for payment of invoices- Appellant replied to notice on 07.11.2013, acknowledging its liability to the Respondent
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