Supreme Court · 2022 INSC 887 · Decided 30 August 2022
Punjab National Bank v. MR. Vijay Sitaram Dandnaik & ANR.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 887 · [2022] 18 S.C.R. 380
- Case number
- CIVIL APPEAL No. 2277/2021
- Decided
- 30 August 2022
- Bench
- S. ABDUL NAZEER, V. RAMASUBRAMANIAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 137; IBC Section 7, 238A; SARFAESI Act Section 13(2)
Headnote
Insolvency and Bankruptcy Code, 2016: ss. 7, 238A - Limitation Act, 1963 - Art. 137 - Initiation of corporate insolvency resolution process by financial creditor - Limitation period - On facts, corporate debtor defaulted in repayment and became creditor-Bank filed a petition u/s. 7 to initiate Corporate insolvency resolution process against the Corporate Debtor - Bank also filed application before DRT for issue of certificate of recovery, wherein by order dated 01.11.2016, the DRT directed the corporate debtor and others
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