B.Sc, LLB, CAIIB, ACS, Insolvency Professional
A seasoned professional with 45+ years of experience in business finance and law. A pioneer in revival & restructuring strategies since the BIFR and CDR era. He has handled multiple CIRPs and advised on numerous insolvency matters, bringing strategic depth and regulatory insight.
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The article discusses how the Limitation Act, 1963 applies to the provisions of the IBC, 2016, tracing interpretations by Tribunals and Appellate Tribunals, and culminating in the final law established by the Supreme Court.
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The article is focused on the issues related to the assets of the CD which are on lease/ license from third parties at the time of CIRP. As these assets may be crucial for running the CD as Going Concern, the IRPs/RPs need to understand the finer details for dealing with such assets, which are critical for value maximization of the CD.
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