IRP’s Claim Admission Is Not Acknowledgment Under Limitation Act: SC

Shankar Khandelwal Vs Omkara Asset Reconstruction Pvt. Ltd & Anr. (Supreme Court of India) The Supreme Court considered appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the judgment dated 15.10.2025 of the National Company Law Appellate Tribunal (NCLAT), which had affirmed the National Company Law Tribunal’s (NCLT) order dated 22.01.2025 admitting two applications under Section 7 of the IBC and initiating the Corporate Insolvency Resolution Process (CIRP). The principal issue before the Court was whether the Section 7 applications filed by the se...