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Time barred application filed u/s 7 against account of corporate debtor declared as NPA was to be set aside

June 20, 2020[2020] 117 188 (NCL-AT)

IBC: For purpose of application under section 7 or application under section 9, relevant date is date of default, hence, where account of corporate debtor was declared as NPA on 30-6-2013, application under section 7 filed on 7-1-2019 based on order of DRT dated 22-10-2016, being barred by limitation was to be set aside

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