Introduction
India, Insolvency & Restructuring, Litigation, Khaitan & Co, Insolvency, National Company Law Tribunal
INTRODUCTION
India, Insolvency & Restructuring, Litigation, Khaitan & Co, Bankruptcy, Insolvency, Insolvency and Bankruptcy Code (India), Supreme Court of India
INTRODUCTION
India, Insolvency & Restructuring, Litigation, Real Estate, Khaitan & Co, Corporate Insolvency and Governance Act 2020, Supreme Court of India
INTRODUCTION
The Supreme Court has recently in its judgment dated 21 January 2020, in the case of Standard Chartered Bank v MSTC Limited [SLP (C) No 20093 of 2019], provided clarity on the interplay between the provisions of Recovery of Debts and Bankruptcy Act 1993 (RDB Act) and Limitation Act 1963 (Limitation Act). Supreme Court has in doing so refused to condone a delay of 28 days in filing of a review application by the government borrower entity against a decree in favour of the bank.
BRIEF BACKGROUND: