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Supreme Court of India

Il & Fs Financial Services Limited v. Adhunik Meghalaya Steels Private Limited

Neutral citation
Reported as [2025] 7 S.C.R. 1823
Bench Manoj Misra and K.V. Viswanathan JJ.
Decided 30 July 2025

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.

From the headnote

Issue for Consideration Whether the Tribunals below were justified in holding that the s.7 application under the IBC filed by the appellant on 15.01.2024 was barred by time; does the entry in the Balance Sheet of .Y. 2019-20 constitute a valid acknowledgement of debt by the respondent u/s.18, Limitation Act, 1963; will Para 5(I) or 5(III) of the order dated 10.01.2022 passed by the Supreme Court in Suo Moto Writ Petition No. 3 of 2020 govern the situation. Headnotes† Insolvency and Bankruptcy Code, 2016 – ss.7, 238A – Limitation Act, 1963 – s.18 – Effect of acknowledgment in writing – Loan

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