https://www.taxtmi.com/caselaws?id=407065 A section 7 IBC application was held barred by limitation because the alleged balance confirmations were not proved as clear and reliable acknowledgments of liability under section 18 of the Limitation Act. The records showed inconsistencies in stamp and signature, and the last confirmation was found doubtful, so the debtor's acknowledgment before expiry of limitation was not established. Without a valid acknowledgment, limitation could not be extended and the insolvency petition was not entertainable. en-us Tue, 23 Mar 2021 00:00:00 +0530 Fri, 30 Apr 2021 08:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407065 A section 7 IBC application was held barred by limitation because the alleged balance confirmations were not proved as clear and reliable acknowledgments of liability under section 18 of the Limitation Act. The records showed inconsistencies in stamp and signature, and the last confirmation was found doubtful, so the debtor's acknowledgment before expiry of limitation was not established. Without a valid acknowledgment, limitation could not be extended and the insolvency petition was not entertainable. Case-Laws Insolvency and Bankruptcy Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407065