https://www.taxtmi.com/caselaws?id=392472 A Section 7 insolvency application was not time-barred because the account had become NPA in 2012, bringing Article 137 of the Limitation Act into play, and the record contained repeated written acknowledgements, including letters and one-time settlement proposals, which extended limitation under Section 18 by starting fresh periods before expiry. The objection that the proceeding was vitiated by an ex parte order also failed because service of notice, newspaper publication, and continued non-appearance of the corporate debtor were shown. The appeal therefore failed and admission of the corporate insolvency resolution process was sustained. en-us Mon, 17 Feb 2020 00:00:00 +0530 Fri, 21 Feb 2020 11:34:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392472 A Section 7 insolvency application was not time-barred because the account had become NPA in 2012, bringing Article 137 of the Limitation Act into play, and the record contained repeated written acknowledgements, including letters and one-time settlement proposals, which extended limitation under Section 18 by starting fresh periods before expiry. The objection that the proceeding was vitiated by an ex parte order also failed because service of notice, newspaper publication, and continued non-appearance of the corporate debtor were shown. The appeal therefore failed and admission of the corporate insolvency resolution process was sustained. Case-Laws Insolvency and Bankruptcy Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392472