Limitation Act is applicable to applications filed under Sections 7 and 9 of the (IBC) Code from the inception of the Code, Article 137 of the Limitation Act gets attracted. “The right to sue”, therefore, accrues when a default occurs.
REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO.23988 OF 2017 B.K. EDUCATIONAL SERVICES PRIVATE LIMITED …APPELLANT VERSUS PARAG GUPTA AND ASSOCIATES …RESPONDENTS WITH CIVIL APPEAL…

