Analysis of SC judgment in the case of Babulal Vardharji Gurjar

Babulal Vardharji Gurjar Vs Veer Gurjar Aluminium Industries Pvt. Ltd. & anr. (Supreme Court) While setting aside the Order dated 14th May, 2019 of the NCLAT in Company Appeal (AT) Insolvency No. 549 of 2018 and Order dated 9th August, 2018 of the National Company Law Tribunal, Mumbai Bench in CP(IB)-488/I&BP/MB/2018, on the ground that the application filed under Section 7 of the Code is barred by limitation, the Hon’ble Supreme Court made the following observations: Sl. No. Issue / Theme Ruling Para / Page No. 1. Objectives of the Code i. Code vis a vis CD ii. Purpose of CIRP ...