How Section 18 acknowledgments and restructuring agreements extend limitation under Article 137 of the IBC despite earlier NPA classification
Can a financial creditor maintain an application for insolvency resolution when the corporate debtor’s account was classified as a Non-Performing Asset (NPA) nearly a decade prior to the filing? This question was examined by the Supreme Court of India in the landmark case of B. Prashanth Hegde v. State Bank of India & Anr. which explored the intricate relationship between […]
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