Blog
SECTION 14, LIMITATION ACT IS APPLICABLE TO PROCEEDINGS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
In the matter of SeshNath Singh &Anr.VsBaidyabatiSheoraphuli Co-operative Bank Ltd. &Anr.(2021) SCC OnLine SC 244, the Hon’ble Supreme Court, while holding that Section 14 of the Limitation Act shall apply to the proceedings under the Insolvency and Bankruptcy Code, 2016, had excluded the period spent in the proceedings initiated under the SARFAESI Act, from the computation of limitation.