A financial debt was declared as a Non-Performing Asset (NPA) on January 15, 2013. An appeal was filed, raising the issue of whether the period of limitation should be reckoned from the date of the NPA declaration. The appellant is Chand Prakash Mehra, and the respondents are Praveen Bansal & Anr. The court is considering whether the claim is barred by limitation based on the date from which the limitation period is calculated. The Interim Resolution Professional is directed not to constitute Committee of Creditors, till next date of hearing, if not yet constituted.

A financial debt was declared as a Non-Performing Asset (NPA) on January 15, 2013. An appeal was filed, raising the issue of whether the period of limitation should be reckoned from the date of the NPA declaration. The appellant is Chand Prakash Mehra, and the respondents are Praveen Bansal & Anr. The court is considering whether the claim is barred by limitation based on the date from which the limitation period is calculated. The Interim Resolution Professional is directed not to constitute Committee of Creditors, till next date of hearing, if not yet constituted.