https://www.taxtmi.com/caselaws?id=286568 A section 9 application for initiation of corporate insolvency resolution was examined on limitation. The claim was based on invoices raised in 2014, but no payment or acknowledgment was shown to extend the prescribed period. The Tribunal found that a letter seeking credit for returned goods did not amount to an admission of liability or a fresh acknowledgment sufficient to restart limitation. As the application was filed in December 2018, it was beyond time and therefore barred by limitation. en-us Wed, 25 Sep 2019 00:00:00 +0530 Wed, 04 Mar 2020 11:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286568 A section 9 application for initiation of corporate insolvency resolution was examined on limitation. The claim was based on invoices raised in 2014, but no payment or acknowledgment was shown to extend the prescribed period. The Tribunal found that a letter seeking credit for returned goods did not amount to an admission of liability or a fresh acknowledgment sufficient to restart limitation. As the application was filed in December 2018, it was beyond time and therefore barred by limitation. Case-Laws Insolvency and Bankruptcy Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286568