Time-Barred Debts: The Critical Role of Limitation and Service under Section 94 of the IBC
Introduction When a personal guarantor files for insolvency under the Insolvency and Bankruptcy Code (IBC), does the “date of default” align with the classification of the corporate debtor’s account as a Non-Performing Asset (NPA), or is it triggered by the formal invocation of the guarantee?. This critical distinction was the pivot point in dismissal of a company petition filed by […]
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