https://www.taxtmi.com/caselaws?id=397481 A Section 7 application must be complete at the admission stage, and a defective declaration concerning the proposed resolution professional was treated as a curable non-compliance rather than an incurable bar. The limitation objection failed because a written acknowledgment of debt and settlement conduct triggered a fresh limitation period under Section 18 of the Limitation Act, 1963, read with Article 137, so the filing was within time. However, the subsisting status quo order and the parties' settlement conduct weighed against summary admission, and the admission order was set aside with remand for fresh consideration. en-us Thu, 18 Jun 2020 00:00:00 +0530 Thu, 20 Aug 2020 09:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397481 A Section 7 application must be complete at the admission stage, and a defective declaration concerning the proposed resolution professional was treated as a curable non-compliance rather than an incurable bar. The limitation objection failed because a written acknowledgment of debt and settlement conduct triggered a fresh limitation period under Section 18 of the Limitation Act, 1963, read with Article 137, so the filing was within time. However, the subsisting status quo order and the parties' settlement conduct weighed against summary admission, and the admission order was set aside with remand for fresh consideration. Case-Laws Insolvency and Bankruptcy Thu, 18 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397481