https://www.taxtmi.com/caselaws?id=406044 A Section 7 IBC application was treated as within limitation because the corporate debtor made part-payments and issued written acknowledgments before expiry of the limitation period, attracting Section 18 of the Limitation Act through Section 238A of the IBC and a fresh period under Article 137. The Tribunal also held that pending DRT, High Court, and consortium-related proceedings did not bar the financial creditor from invoking CIRP, and that the assignee was entitled to enforce the debt as financial creditor. On that basis, the petition was admitted and CIRP commenced. en-us Tue, 16 Mar 2021 00:00:00 +0530 Mon, 05 Apr 2021 09:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406044 A Section 7 IBC application was treated as within limitation because the corporate debtor made part-payments and issued written acknowledgments before expiry of the limitation period, attracting Section 18 of the Limitation Act through Section 238A of the IBC and a fresh period under Article 137. The Tribunal also held that pending DRT, High Court, and consortium-related proceedings did not bar the financial creditor from invoking CIRP, and that the assignee was entitled to enforce the debt as financial creditor. On that basis, the petition was admitted and CIRP commenced. Case-Laws Insolvency and Bankruptcy Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406044