Can action taken by a Financial Institution under the SARFAESI Act be excluded under Section 14(2) Limitation Act? Five-Member NCLAT Bench to decide

Can action taken by a Financial Institution under the SARFAESI Act be excluded under Section 14(2) Limitation Act? Five-Member NCLAT Bench to decide
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A five-member Bench of the National Company Law Appellate Tribunal (NCLAT) will soon decide if action taken by a Financial Institution under Section 13(4) of the SARFAESI Act qualifies as a “proceeding before a Court of Law" for the purpose of excluding its duration under Section 14(2) of the Limitation Act for an insolvency proceeding.

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