Any acknowledgment beyond the period of limitation would not revive the right to sue - Lapse of three years from that date of initial default would extinguish the bank's right to initiate action under the IBC

October 23, 2023

Any acknowledgment beyond the period of limitation would not revive the right to sue - Lapse of three years from that date of initial default would extinguish the bank's right to initiate action under the IBC

Case Title: Tottempudi Salalith v State Bank Of India & Ors.

Citation: 2023 LiveLaw (SC) 914

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