Covid-19 lockdown valid reason to extend time for auction purchaser to deposit balance consideration
Case Law Details
Case Name : V.S. Palanivel Vs P. Sriram (Supreme Court of India)
Appeal Number : Civil Appeal Nos. 9059-9061 of 2022
Date of Judgement/Order : 28/08/2024
Related Assessment Year :
Courts :
Supreme Court of India
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V.S. Palanivel Vs P. Sriram (Supreme Court of India)
Supreme Court held that Covid-19 lockdown was a valid reason for extension of time to deposit the balance sale consideration to auction purchaser under Insolvency and Bankruptcy Code.
Facts- The appellant – V.S. Palanivel (shareholder/former Managing Dire
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Author Bio
mou done for sale of property
part payment received
balance due
limitations period after 12 years