https://www.taxtmi.com/caselaws?id=402073 A section 7 insolvency application was examined on natural justice, authorisation and limitation. The challenge based on breach of natural justice failed because opportunities had been granted and no contemporaneous material showed that counsel was prevented from arguing. The filing was treated as duly authorised because a general power of attorney empowered the bank officer to commence and prosecute legal proceedings, and its execution before the Insolvency and Bankruptcy Code was held irrelevant. Limitation was governed by Article 137 of the Limitation Act, and acknowledgments of liability, debit balance confirmations and part-payments gave rise to a fresh period of limitation, making the application timely. en-us Fri, 18 Dec 2020 00:00:00 +0530 Wed, 23 Dec 2020 15:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402073 A section 7 insolvency application was examined on natural justice, authorisation and limitation. The challenge based on breach of natural justice failed because opportunities had been granted and no contemporaneous material showed that counsel was prevented from arguing. The filing was treated as duly authorised because a general power of attorney empowered the bank officer to commence and prosecute legal proceedings, and its execution before the Insolvency and Bankruptcy Code was held irrelevant. Limitation was governed by Article 137 of the Limitation Act, and acknowledgments of liability, debit balance confirmations and part-payments gave rise to a fresh period of limitation, making the application timely. Case-Laws Insolvency and Bankruptcy Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402073