Limitation period of S.95 IBC applications against personal guarantor based on DRT recovery certificate is three years: NCLAT
The appellant relying on Tottempudi Salalith v. State Bank of India, (2024) 1 SCC 24, contended that the limitation for filing Section 95 IBC application in the present case must be treated as 12 years and hence the application filed was not barred by time.