Case Law Analysis
|Supreme Court of India
Section 18 Limitation Act | IRP's Claim Admission During CIRP Not an Acknowledgment Extending Limitation : SC
Supreme Court rules that admission of debt by an Interim Resolution Professional during Corporate Insolvency Resolution Process does not constitute acknowledgment under Section 18 of the Limitation Act, 1963. Financial creditors filing Section 7 IBC petitions after limitation expiry remain time-barred, regardless of moratorium or COVID extensions.