# In the matter of Chand Prakash Mehra Vs Praveen Bansal & Anr.

> NCLAT judgment dated 2019-11-29. Citation: TCN-2019-NCLAT-00073. The appeal concerns a financial debt declared as NPA on January 15, 2013. One of the issues…

- **Court:** NCLAT
- **Order date:** 29 Nov 2019
- **Citation:** TCN-2019-NCLAT-00073
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/chand-prakash-mehra-vs-praveen-bansal-anr-9bf1e673

## Summary

### Background

The appeal concerns a financial debt declared as NPA on January 15, 2013. One of the issues raised is whether the period of limitation should be reckoned from the date of the NPA declaration, which could render the claim barred by limitation.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the period of limitation for the financial debt should be reckoned from the date it was …

**Ratio:** The legal principle revolves around the interpretation of the relevant provisions of the

…

**Reasoning:** The court's reasoning will likely focus on the specific provisions of the IBC and the

…

**Interpretation:** The interpretation involves understanding how the NPA declaration affects the

…

**Application:** The application involves applying the interpreted legal principles to the

…

## Parties

- **Judges:** Bansi Lal…; Venugop…
- **Appellants:** Chand Prakash…
- **Respondents:** Praveen B…

## Timeline

- **2013-01-15 — Financial Debt Declared…**: The financial debt was declared as…
- **2019-11-29 — Order Is…**: The court issued an order regarding the…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/chand-prakash-mehra-vs-praveen-bansal-anr-9bf1e673