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Resolution plea filed after 3 years was to be accepted as same wasn’t barred by limitation: NCALT

June 26, 2020[2020] 117 160 (NCL-AT)

IBC : If there was subsisting liability on corporate debtor and its validity was extended from time to time due to acknowledgement of debt in writing, CIRP petition filed by financial creditor within three years from date of acknowledgement was not barred by limitation

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