Supreme Court of India
New Delhi Municipal Council v. Minosha India Limited
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the view that section 60(6) of the IBC does contemplate exclusion of the entire period dur ing which the moratorium was in force in respect of corporate debtor in regard to a proceeding as contemplated therein at the hands of the corporate debtor.
Judgment, page 22
From the headnote
Insolvency and Bankruptcy Code, 2016 – Arbitration and conciliation Act, 1996 – Limitation Act, 1963 – Limitation Pe riod – Insolvency – Appointment of Arbitrator – Freezing o f limitation during the moratorium period – Appellant (NDMC) pla ced a purchase order with the Respondent (MIL) – Due to the f ailure on part of the Respondent to perform its obligation as per th e existing agreement, NDMC terminated the agreement – On June 7, 2016, the Respondent (MIL) issued the notice for commence ment of the arbitral proceeding as per the provisions provided un der the & Act, 1996 – Before the
Authorities it was built on
- 1987 Reserve Bank of India v. Peerless General Finance & Investment Co. Ltd. Ors. and Vice Versa
- 1955 Tirath Singh v. Bachittar Singh and Others
- 2007 New India Assurance Company Ltd. v. Nusli Neville Wadia and Anr.
- 2019 Bharat Broadband Network Limited v. United Telecoms Limited
- 2002 Harbhajan Singh v. Press Council of India and Ors.
- 2008 Noharlal Verma v. District Co-operative Central Bank Limited, Jagdalpur
- 2014 Pooja Bhatia v. Vishnu Narain Shivpuri & Anr.
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