Supreme Court of India · 2022-03-29
Svg Fashions Pvt. Ltd (Earlier Known As ... vs Ritu Murli Manohar Goyal
- Court
- Supreme Court of India
- Petitioner
- Svg Fashions Pvt. Ltd (Earlier Known As ...
- Respondent
- Ritu Murli Manohar Goyal
- Author
- V.Ramasubramanian
- Bench
- V. Ramasubramanian, Hemant Gupta
Judgment text excerpt
The Supreme Court reversed the NCLAT's decision which had barred the operational creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016 due to limitation. The Court found that the NCLAT had erred in its interpretation of the limitation period applicable to the case. The appeal was allowed, reinstating the NCLT's order of admission of the application.