https://www.taxtmi.com/caselaws?id=407994 A Section 7 IBC application may remain within limitation where the record contains valid acknowledgments and part-payments extending time under Article 137 of the Limitation Act, 1963, read with Sections 18 and 19. A corporate debtor's reply to a SARFAESI notice, a later letter referring to an OTS proposal, credited part-payments, and signed balance sheets were treated as acknowledgments of subsisting liability. Technical objections that some documents were not filed earlier were not accepted where their authenticity and transmission were undisputed. The application was therefore treated as timely and the admission order was upheld. en-us Thu, 27 May 2021 00:00:00 +0530 Fri, 28 May 2021 08:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407994 A Section 7 IBC application may remain within limitation where the record contains valid acknowledgments and part-payments extending time under Article 137 of the Limitation Act, 1963, read with Sections 18 and 19. A corporate debtor's reply to a SARFAESI notice, a later letter referring to an OTS proposal, credited part-payments, and signed balance sheets were treated as acknowledgments of subsisting liability. Technical objections that some documents were not filed earlier were not accepted where their authenticity and transmission were undisputed. The application was therefore treated as timely and the admission order was upheld. Case-Laws Insolvency and Bankruptcy Thu, 27 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407994