Limitation Period For Filing Application U/S 95 Of IBC Against Personal Guarantor Stands Extended By Acknowledgement Of Debt: NCLAT
The Nationwide Firm Legislation Appellate Tribunal (NCLAT) New Delhi bench comprising Justice Rakesh Kumar Jain (Judicial Member), Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that the limitation interval for submitting an software beneath Part 95 of the Insolvency and Chapter Code, 2016 (“the Code”) by a creditor towards a…