Supreme Court of India · 2021-08-04
DENA BANK (NOW BANK OF BARODA) vs C. SHIVAKUMAR REDDY
- Citation / case number
- SC 2020/5402
- Court
- Supreme Court of India
- Petitioner
- DENA BANK (NOW BANK OF BARODA)
- Respondent
- C. SHIVAKUMAR REDDY
- Author
- HON'BLE MS. JUSTICE INDIRA BANERJEE
- Bench
- HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN HON'BLE MS. JUSTICE INDIRA BANERJEE
Judgment text excerpt
The Supreme Court addressed an appeal concerning the applicability of limitation under the Insolvency and Bankruptcy Code, 2016. The National Company Law Appellate Tribunal had set aside the admission of a petition by Dena Bank against C. Shivakumar Reddy, ruling that the petition was barred by limitation. The Supreme Court upheld the NCLAT's decision, emphasizing the importance of adhering to statutory timelines in insolvency proceedings.