India: Civil Law

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Article
Claim Admission Is Not Debt Acknowledgement: Supreme Court On RP’s Role & Limitation Under The IBC
The Supreme Court's ruling in Shankar Khandelwal v. Omkara Asset Reconstruction examines whether claim admission by resolution professionals during corporate insolvency proceedings constitutes acknowledgement of liability under the Limitation Act. The decision clarifies the institutional role of insolvency professionals and establishes critical boundaries between procedural claim-verification processes and substantive acknowledgements capable of extending limitation periods.
India Insolvency
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