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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Canara Bank vs Mr. Rajiv Prasad - It is trite that a demand upon the personal guarantor to pay the outstanding due from the Principal Borrower constitutes the invocation of the personal guarantee executed by the personal guarantor and the limitation runs from the expiry of period specified in the first demand notice.

NCLT Mumbai-1 (2026.04.23) in Canara Bank vs Mr. Rajiv Prasad [(IB)/1075(MB)2025] held that;- In terms of aforesaid specific averment, t...

Directorate of Enforcement Vs. Anil Kumar Mittal (RP) and Ors. - With respect to period of limitation, no distinction has been noticed by the Hon’ble Supreme Court in a case where appellant who is filing appeal under Section 61 was party to the proceeding before the NCLT or not. It was further held that the limitation for filing the appeal commences from the date of pronouncement of the judgement.

NCLAT (2025.07.08) in Directorate of Enforcement Vs. Anil Kumar Mittal (RP) and Ors. [ (2025) ibclaw.in 484 NCLAT , I.A. No. 2327 of 2025...
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...
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...

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