In Brief
Vashdeo R. Bhojwani challenged a debt recovery decision by the NCLT and NCLAT. The Supreme Court held that when a Recovery Certificate is issued, the cause of action becomes complete and the limitation period begins to run. Since the claim was time-barred under the Limitation Act, the Court allowed the appeal and set aside the orders of the NCLT and NCLAT, ruling that a claim beyond the limitation period cannot be maintained regardless of its underlying merits.
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