https://www.taxtmi.com/caselaws?id=381998 A section 7 insolvency application was analysed against objections on maintainability, limitation and the validity of a debt acknowledgment. The appeal through a suspended director was found not maintainable in the form presented. On limitation, the acknowledgment of debt, SARFAESI notice and pending recovery proceedings supported the claim that the application was not time-barred. The challenge to the acknowledgment was rejected because it was raised belatedly, without foundational pleadings or proof of forgery, and was inconsistent with prior restructuring and settlement efforts. The impugned admission order was upheld and the appeal was dismissed. en-us Mon, 18 Feb 2019 00:00:00 +0530 Mon, 24 Jun 2019 07:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381998 A section 7 insolvency application was analysed against objections on maintainability, limitation and the validity of a debt acknowledgment. The appeal through a suspended director was found not maintainable in the form presented. On limitation, the acknowledgment of debt, SARFAESI notice and pending recovery proceedings supported the claim that the application was not time-barred. The challenge to the acknowledgment was rejected because it was raised belatedly, without foundational pleadings or proof of forgery, and was inconsistent with prior restructuring and settlement efforts. The impugned admission order was upheld and the appeal was dismissed. Case-Laws Insolvency and Bankruptcy Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381998