https://www.taxtmi.com/caselaws?id=195261 The appellate court allowed the original side appeal, holding that the claim was not time-barred as the acknowledgment of liability in the E-mail renewed the limitation period. The court deemed the promissory note admissible for the winding-up petition, finding it maintainable due to the respondent company's admission of indebtedness and commercial insolvency. The matter was remitted for further proceedings on merits, overturning the single Judge's decision. en-us Tue, 30 Apr 2013 00:00:00 +0530 Tue, 24 Oct 2017 17:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195261 The appellate court allowed the original side appeal, holding that the claim was not time-barred as the acknowledgment of liability in the E-mail renewed the limitation period. The court deemed the promissory note admissible for the winding-up petition, finding it maintainable due to the respondent company's admission of indebtedness and commercial insolvency. The matter was remitted for further proceedings on merits, overturning the single Judge's decision. Case-Laws Companies Law Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195261