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The Supreme Court ruled in favor of the appellant, Gaurav Hargovindbhai Dave, determining that the application filed under Section 7 of the Insolvency and Bankruptcy Code was time-barred as it was based on a debt that became non-performing on 21.07.2011. The court clarified that Article 137 of the Limitation Act applies to the case, meaning the limitation period began at that date, contrary to the NCLAT

Author

Ashok Kumar Singh

Language

EN