IBC - Case Law (Limitation) Reference Library

Friday, 6 March 2026

Limitations - Civil & Criminal

Limitation

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at March 06, 2026

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Omkara Assets Reconstruction Pvt. Ltd. Vs. Ritu Jankiprasad Shah - It is evident from these stipulations that the promise to pay was conditional and not having been accepted by the Petitioner with these conditions cannot constitute a clear and unconditional promise to pay. Hence, the said letters do not give rise fresh cause of action in terms of Section 25(3) of the Contract Act.

NCLT Mumbai (2026.07.13) in Omkara Assets Reconstruction Pvt. Ltd. Vs. Ritu Jankiprasad Shah [ (2026) ibclaw.in 2738 NCLT, CP (IB) No. ...

Canara Bank Limited Vs. Sanjana Uday Desai - Accordingly, we are of considered view that the liability due to the financial creditor having been verified by the RP of the Corporate Debtor in its CIRP as within limitation in itself constitutes acknowledgement by the Corporate Debtor and binds the Guarantor as well thereby further extending the period of limitation

NCLT Mumbai-1 (2025.10.01) in Canara Bank Limited Vs. Sanjana Uday Desai [ C.P. (IB) NO. 25 /MB/2025] held that acceptance of claim by...
Kotak Mahindra Bank Ltd. Vs. Kew Precision Parts Pvt. Ltd. & Ors. - It is clear that any agreement to pay a time barred debt, would be enforceable in law, within three years from the due date of payment, in terms of such agreement.

SCI (2021.08.05) in Kotak Mahindra Bank Ltd. Vs. Kew Precision Parts Pvt. Ltd. & Ors. [Civil Appeal No. 2176 of 2020] ruled on variou...
Verification of Claims in CIRP & Doctrine of “Debts Due and Payable”.

Verification of Claims in CIRP & Doctrine of “Debts Due and Payable”. Currently there are two schools of thought, for application of the...

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