https://www.taxtmi.com/caselaws?id=407533 A claim for alleged rent arrears was rejected as time-barred because the insolvency process began long after the cause of action arose and no valid acknowledgment of liability after 2016 was shown. The Tribunal applied the principle that the Limitation Act governs insolvency proceedings and that the Insolvency and Bankruptcy Code does not revive stale claims. In the absence of a subsisting acknowledgment or other basis extending limitation, the claim could not be admitted in the corporate insolvency resolution process, and the rejection by the resolution professional was upheld. en-us Thu, 29 Apr 2021 00:00:00 +0530 Thu, 13 May 2021 11:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407533 A claim for alleged rent arrears was rejected as time-barred because the insolvency process began long after the cause of action arose and no valid acknowledgment of liability after 2016 was shown. The Tribunal applied the principle that the Limitation Act governs insolvency proceedings and that the Insolvency and Bankruptcy Code does not revive stale claims. In the absence of a subsisting acknowledgment or other basis extending limitation, the claim could not be admitted in the corporate insolvency resolution process, and the rejection by the resolution professional was upheld. Case-Laws Insolvency and Bankruptcy Thu, 29 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407533