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Case Law Details

Case Name : V. Padmakumar Vs. Stressed Assets Stabilisation Fund (SASF) & Anr. (NCLAT)
Related Assessment Year :
Courts : NCLAT
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Advocate Shikhhar Gupta
Advocate Ankush Bhardwaj

Recently, a three judge bench of National Company Law Appellate Tribunal (NCLAT) in V. Padmakumar vs. Stressed Assets Stabilisation Fund (SAFS) & Anr.[i] considered the issue that ‘whether admission of debt in balance sheet would amount to acknowledgement of debt which would further amount to extension of period of limitation as per Section 18 of the Limitation Act,

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