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september 2022

Supreme Court of India · 2022-09-19

M/S. Tech Sharp Engineers Pvt. Ltd. vs Sanghvi Movers Limited

Court
Supreme Court of India
Petitioner
M/S. Tech Sharp Engineers Pvt. Ltd.
Respondent
Sanghvi Movers Limited
Author
Indira Banerjee
Bench
J.K. Maheshwari, Indira Banerjee

Judgment text excerpt

The Supreme Court addressed an appeal under the Insolvency and Bankruptcy Code, 2016, concerning a dispute over the limitation period for filing an application by the operational creditor. The court found that the National Company Law Appellate Tribunal had erred in setting aside the National Company Law Tribunal's dismissal of the application as barred by limitation. The judgment reinstated the NCLT's decision, emphasizing the importance of adhering to statutory timelines in insolvency proceedings.

M/S. Tech Sharp Engineers Pvt. Ltd. vs Sanghvi Movers Limited · Niyam