Insolvency Plea Filed by IREDA Against Gensol Engineering Over ₹510 Crore Default: NCLT

In a recent ruling, the Delhi High Court clarified the applicability of the 120-day time limit under Order VIII Rule 1 of the Code of Civil Procedure, 1908. The Court held that the strict timeline applies only to the filing of a written statement in response to the original plaint and not to a subsequently amended plaint. This ruling was passed in the case titled M/S A. G. Overseas Pvt…