NCLAT :: in Speculum Plast (P.) Ltd. v. PTC Techno (P.) Ltd. :: Sections 7 or 9 or 10 IBC read with Limitation Act, 1963 ::
1. Limitation prescribed under the Limitation Act cannot be made applicable to the Code.
2. Only exception to non-applicability of Limitation Act, 1963 is article 137 thereof.
3. To decide question whether a person can claim any amount due from a corporate debtor after long delay on the ground that Limitation Act, 1963 is not applicable, it is necessary to notice the doctrine of limitation and prescription.