Provisions of Insolvency and Bankruptcy Code regarding time are not mandatory

May
11
2017


NCLT in the matter of J K Jute Mills Company Limited Vs Surendera Trading Company; Company Appeal (AT) No. 9 of 2017 compared the prescription of time limit prescribed under Section 7, 9 and 10 of Insolvency and Bankruptcy Code with provisions of Order 8 Rule 1 of CPC.








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