https://www.taxtmi.com/caselaws?id=383490 For a section 9 Insolvency and Bankruptcy Code application, Article 137 of the Limitation Act applies where no specific limitation period is prescribed, so the right to apply is measured from the date the Code came into force and the application was filed within time. The underlying operational debt was also held not time-barred because the corporate debtor had repeatedly acknowledged liability in notices and correspondence, and the pending winding-up proceedings did not extinguish the claim. On those facts, the matter disclosed a continuing cause of action and the insolvency application and debt claim were treated as within limitation. en-us Tue, 23 Jul 2019 00:00:00 +0530 Wed, 06 May 2020 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383490 For a section 9 Insolvency and Bankruptcy Code application, Article 137 of the Limitation Act applies where no specific limitation period is prescribed, so the right to apply is measured from the date the Code came into force and the application was filed within time. The underlying operational debt was also held not time-barred because the corporate debtor had repeatedly acknowledged liability in notices and correspondence, and the pending winding-up proceedings did not extinguish the claim. On those facts, the matter disclosed a continuing cause of action and the insolvency application and debt claim were treated as within limitation. Case-Laws Insolvency and Bankruptcy Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383490