Debt Acknowledgment Extends Limitation: NCLAT Confirms Operational Creditor’s Claim

Ramniwas B Somany Vs Anushri Paper Pack Pvt. Ltd (NCLAT Delhi) National Company Law Appellate Tribunal (NCLAT), Delhi, heard an appeal filed by Ramniwas B Somany, the suspended director of Indian Denim Limited (Corporate Debtor), challenging the order dated 22.09.2023 of the National Company Law Tribunal (NCLT), Ahmedabad Bench, Court I. The appeal arose under Section 61 of the Insolvency and Bankruptcy Code (IBC), 2016, against a Section 9 application filed by Anushri Paper Pack Pvt. Ltd. (Operational Creditor) for initiation of the Corporate Insolvency Resolution Process (CIRP) for an operat...