https://www.taxtmi.com/caselaws?id=294975 Section 9 insolvency limitation must be assessed transaction-wise, and a composite demand cannot be admitted if it mixes time-barred dues with a claim that may still be within time. Separate purchase orders and different work sites were treated as independent transactions, so limitation could be extended only for liability linked to the M.P. site through the last payment on 27.06.2016. The alleged e-mail was not accepted as an acknowledgement of liability under section 18 of the Limitation Act, 1963. As the petition was founded on a mixed claim including barred amounts, the NCLT rejected the insolvency application. en-us Wed, 01 May 2019 00:00:00 +0530 Thu, 13 May 2021 11:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294975 Section 9 insolvency limitation must be assessed transaction-wise, and a composite demand cannot be admitted if it mixes time-barred dues with a claim that may still be within time. Separate purchase orders and different work sites were treated as independent transactions, so limitation could be extended only for liability linked to the M.P. site through the last payment on 27.06.2016. The alleged e-mail was not accepted as an acknowledgement of liability under section 18 of the Limitation Act, 1963. As the petition was founded on a mixed claim including barred amounts, the NCLT rejected the insolvency application. Case-Laws Insolvency and Bankruptcy Wed, 01 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294975