BABULAL VARDHARJI GURJAR vs VEER GURJAR ALUMINIUM INDUSTRIES PVT LTD

The Supreme Court upheld the decision of the National Company Law Appellate Tribunal, which rejected the appellant's claim that the application for initiating the Corporate Insolvency Resolution Process was barred by limitation. The court affirmed that the initiation of the process was valid and that the timeline for such applications must be interpreted in light of the provisions of the Insolvency and Bankruptcy Code. Consequently, the appeal was dismissed, affirming the lower court's ruling.