Mediation order not extends limitation for Section 9 Application under IBC Code

Ravi Iron Ltd. Vs Jia Lal Kishori Lal (NCLAT Delhi)

When the Application under Section 9 of the IBC Code comes with date of default and no other reasons given in the Application or any details for extension of limitation, we see no ground to hold that Application was well within time. The submission of the Counsel for the Appellant is that there was Mediation Order of the Court on 16.11.2015 under which Mediation, post-dated cheques were given. The Mediation which was ordered on 16.11.2015 shall not give any extension of limitation to the Appellant. The

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