https://www.taxtmi.com/caselaws?id=395236 Part payments made before expiry of the limitation period and earlier acknowledgments of liability extended time under section 19 of the Limitation Act, so the section 7 IBC application was treated as within limitation; article 62 did not apply because the claim was governed by the residuary article 137. The creditor also proved financial debt and default through acknowledgments, sanction letters, mortgage documents, account statements and other records, while the corporate debtor produced no material negating liability. As the application was complete and no disciplinary proceeding was pending against the proposed insolvency professional, the corporate insolvency resolution process was admitted, an interim resolution professional was appointed, and moratorium directions followed. en-us Thu, 03 Oct 2019 00:00:00 +0530 Wed, 13 May 2020 10:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395236 Part payments made before expiry of the limitation period and earlier acknowledgments of liability extended time under section 19 of the Limitation Act, so the section 7 IBC application was treated as within limitation; article 62 did not apply because the claim was governed by the residuary article 137. The creditor also proved financial debt and default through acknowledgments, sanction letters, mortgage documents, account statements and other records, while the corporate debtor produced no material negating liability. As the application was complete and no disciplinary proceeding was pending against the proposed insolvency professional, the corporate insolvency resolution process was admitted, an interim resolution professional was appointed, and moratorium directions followed. Case-Laws Insolvency and Bankruptcy Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395236