https://www.taxtmi.com/caselaws?id=287305 The tribunal found that the letters dated 29/1/2018 and 30/7/2018 constituted an acknowledgment of debt, extending the limitation period as per Section 18 of the Limitation Act, 1963. The acknowledgment was considered valid even though it was not specifically addressed to the financial creditor. The tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the corporate debtor. A moratorium was declared, and the Interim Resolution Professional (IRP) was appointed to manage the process. en-us Wed, 16 Oct 2019 00:00:00 +0530 Wed, 08 Apr 2020 10:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287305 The tribunal found that the letters dated 29/1/2018 and 30/7/2018 constituted an acknowledgment of debt, extending the limitation period as per Section 18 of the Limitation Act, 1963. The acknowledgment was considered valid even though it was not specifically addressed to the financial creditor. The tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the corporate debtor. A moratorium was declared, and the Interim Resolution Professional (IRP) was appointed to manage the process. Case-Laws Insolvency and Bankruptcy Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287305