Asset Reconstuction Company (India) ... vs Tulip Star Hotels Limited

The Supreme Court addressed appeals concerning the limitation period for initiating corporate insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The court examined the applicability of limitation in the context of financial creditors and corporate debtors, ultimately upholding the NCLAT's decision that the claims were barred by limitation. The ruling emphasizes the importance of adhering to statutory timelines in insolvency matters.