https://www.taxtmi.com/caselaws?id=291931 Financial debt and default were established through loan documents, liability acknowledgments, account statements and related material, while the corporate debtor produced no evidence to negate the debt and admitted liability on its own showing. The last payment was treated as giving rise to a fresh limitation period under Section 19 of the Limitation Act, and Article 62 was held inapplicable to a Section 7 Insolvency and Bankruptcy Code application, which was governed by the residuary limitation period. The Section 7(5)(a) requirements were therefore satisfied, and the application was found complete, within limitation, and fit for admission. en-us Fri, 04 Oct 2019 00:00:00 +0530 Mon, 30 Nov 2020 19:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291931 Financial debt and default were established through loan documents, liability acknowledgments, account statements and related material, while the corporate debtor produced no evidence to negate the debt and admitted liability on its own showing. The last payment was treated as giving rise to a fresh limitation period under Section 19 of the Limitation Act, and Article 62 was held inapplicable to a Section 7 Insolvency and Bankruptcy Code application, which was governed by the residuary limitation period. The Section 7(5)(a) requirements were therefore satisfied, and the application was found complete, within limitation, and fit for admission. Case-Laws Insolvency and Bankruptcy Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291931