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SARFAESI and DRT proceeding will not extend period of limitation under IBC

June 24, 2020[2020] 117 taxmann.com 227 (NCL-AT)
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IBC: SARFAESI and DRT proceeding will not extend period of limitation

IBC: Where one time settlement (OTS) offered by corporate debtor was not accepted by financial creditor, same could not be treated as an acknowledgement in view of section 18 of Limitation Act, 1963

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