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Supreme Court's Judgement and Invocation of Section 18 of the Limitation Act, 1963 for Applications under IBC

September 30, 2020[2020] 119 taxmann.com 464 (Article)
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The recent decision of the Hon’ble Supreme Court as to applicability of Section 18 of the Limitation Act,1963 to the proceedings under Insolvency and Bankruptcy Code,2016, in the case of Babulal Vardhaji Gurjar Vs.Veer Gurjar Aluminium Industries Pvt. Ltd. [2020]222CompCas115(SC)] has come like bolt from blue to the Creditors. This article is to analyse the decision of the Supreme Court as to the correctness or otherwise of the view of the Supreme Court.
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