https://www.taxtmi.com/caselaws?id=405872 A Section 7 insolvency application may remain within limitation where the corporate debtor has issued written acknowledgments of liability before expiry of the original period. The text states that repeated settlement requests, reschedulement letters, and balance confirmations signed by the debtor were treated as valid acknowledgments under Section 18 of the Limitation Act, 1963, giving rise to a fresh period of limitation from each acknowledgment. On that basis, the limitation objection failed and the insolvency admission was sustained, with the CIRP and moratorium left undisturbed. en-us Fri, 26 Mar 2021 00:00:00 +0530 Mon, 28 Oct 2024 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405872 A Section 7 insolvency application may remain within limitation where the corporate debtor has issued written acknowledgments of liability before expiry of the original period. The text states that repeated settlement requests, reschedulement letters, and balance confirmations signed by the debtor were treated as valid acknowledgments under Section 18 of the Limitation Act, 1963, giving rise to a fresh period of limitation from each acknowledgment. On that basis, the limitation objection failed and the insolvency admission was sustained, with the CIRP and moratorium left undisturbed. Case-Laws IBC Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405872