https://www.taxtmi.com/highlights?id=54392 Maintainability of application - initiation of CIRP - Period of limitation after default - the Adjudicating Authority relied on the balance sheet to hold that there was acknowledgement and thus, the claim was within limitation. - even if we are to consider that contents in Balance Sheet could be read as acknowledgment even then if we read the contents in balance sheet in the matter, the Corporate Debtor acknowledged as such the liability to pay the alleged outstanding debt. - AT en-us Wed, 19 Aug 2020 10:46:13 +0530 Wed, 19 Aug 2020 10:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54392 Maintainability of application - initiation of CIRP - Period of limitation after default - the Adjudicating Authority relied on the balance sheet to hold that there was acknowledgement and thus, the claim was within limitation. - even if we are to consider that contents in Balance Sheet could be read as acknowledgment even then if we read the contents in balance sheet in the matter, the Corporate Debtor acknowledged as such the liability to pay the alleged outstanding debt. - AT Highlights Insolvency and Bankruptcy Wed, 19 Aug 2020 10:46:13 +0530 https://www.taxtmi.com/highlights?id=54392