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Law of Limitation – Applicability to Insolvency & Bankruptcy Code, 2016

January 4, 2019[2019] 101 54 (Article)
In the present write up, it is proposed to discuss the concept of limitation in legal statutes generally and then in the context of its application to Insolvency and Bankruptcy Code, 2016 (‘Code’ for short). The object of limitation in statutes has been elucidated by the Supreme Court in its decision in the case of BB & D. Mfg. Co. v. E.S.I. Corpn AIR 1972 SC 1935 where it has observed:
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