https://www.taxtmi.com/caselaws?id=402919 A larger-bench precedent in Section 7 insolvency proceedings is treated as binding, and the text states that a three-member referral bench cannot question it or make a fresh reference outside recognised exceptions. It also notes that limitation for a Section 7 application runs from default, usually the NPA date, under Article 137, and that an acknowledgment under Section 18 must be in writing and made before limitation expires. On that basis, balance sheet and annual return entries, though statutory filings under the Companies Act, 2013, are said not to extend limitation by themselves in insolvency proceedings. en-us Tue, 22 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402919 A larger-bench precedent in Section 7 insolvency proceedings is treated as binding, and the text states that a three-member referral bench cannot question it or make a fresh reference outside recognised exceptions. It also notes that limitation for a Section 7 application runs from default, usually the NPA date, under Article 137, and that an acknowledgment under Section 18 must be in writing and made before limitation expires. On that basis, balance sheet and annual return entries, though statutory filings under the Companies Act, 2013, are said not to extend limitation by themselves in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402919