https://www.taxtmi.com/caselaws?id=295520 A section 7 Insolvency and Bankruptcy Code application was examined on limitation, with Article 137 of the Limitation Act treated as governing the period for filing. The majority accepted loan documents, account statements, consent terms, balance-sheet disclosures, and other conduct as evidence of debt and default, and considered the time spent in DRT and DRAT proceedings relevant to saving limitation on the facts. The dissent took the view that limitation ran from default or NPA and that recovery proceedings did not extend time. The discussion concludes that the application was complete, within limitation, and fit for admission where debt, default, and legally relevant acknowledgments are established. en-us Wed, 26 Feb 2020 00:00:00 +0530 Tue, 08 Jun 2021 09:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295520 A section 7 Insolvency and Bankruptcy Code application was examined on limitation, with Article 137 of the Limitation Act treated as governing the period for filing. The majority accepted loan documents, account statements, consent terms, balance-sheet disclosures, and other conduct as evidence of debt and default, and considered the time spent in DRT and DRAT proceedings relevant to saving limitation on the facts. The dissent took the view that limitation ran from default or NPA and that recovery proceedings did not extend time. The discussion concludes that the application was complete, within limitation, and fit for admission where debt, default, and legally relevant acknowledgments are established. Case-Laws Insolvency and Bankruptcy Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295520