Tag: date of default

The SC Clarifies The Limitation Period For CIRP And Claim Lodging Based On DRT Recovery Certificate

The SC Clarifies The Limitation Period For The Purposes Of Initiating CIRP And Lodging Claim During CIRP On The Basis Of A DRT Recovery Certificate As Financial Debt.

Wednesday November 1, 2023. BY Abdullah Qureshi and Tanishka Sahajwalla | Insolvency & Bankruptcy

The Hon’ble Supreme Court (SC) in the case of Tottempudi Salalith Vs. State Bank of India & Ors.[1] has affirmed its previous judgments and held that a DRT Recovery Certificate holder shall have, from the