Operational Creditor Entitled to Extension U/S 19 of Limitation Act as Conditions Met

Super Floorings Pvt. Ltd. Vs Napin Impex Ltd. (NCLAT Delhi) NCLAT Delhi held that benefit of extension of limitation under section 19 of the Limitation Act entitled to the operational creditor since last payment was made within period of three years and the same was acknowledged in writing by Corporate Debtor. Accordingly, application u/s. 9 rightly rejected. Facts- This Appeal by a Corporate Debtor has been filed challenging the order dated 05.07.2024 passed by the Adjudicating Authority (National Company Law Tribunal) Chandigarh. By the impugned order, the Adjudicating Authority has rejected...