Acknowledgment of Debt Saves Section 95 IBC Plea from Limitation Bar: SC

Vipin Shersingh Agarwal Vs State Bank of India & Anr (Supreme Court of India) Supreme Court of India, in the case of Vipin Shersingh Agarwal vs. State Bank of India, has dismissed an appeal challenging an application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC). The appellant argued that the application was barred by limitation because the default occurred on January 31, 2017. However, the Supreme Court upheld the ruling of the National Company Law Appellate Tribunal (NCLAT), which found the application to be within the limitation period. This was due to an acknowledg...