https://www.taxtmi.com/caselaws?id=409217 Proceedings under the Insolvency and Bankruptcy Code are subject to the Limitation Act through Section 238A, and a written acknowledgment of a subsisting liability signed before expiry of limitation can trigger a fresh limitation period under Section 18. On the stated facts, the corporate debtor issued a written acknowledgment of liability on 10.07.2018, and the limitation objection had already been raised and considered before the Adjudicating Authority. The application under Section 7 could therefore not be treated as time barred merely by reference to the original date of default or NPA, and the limitation objection failed. en-us Wed, 30 Jun 2021 00:00:00 +0530 Fri, 02 Jul 2021 08:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409217 Proceedings under the Insolvency and Bankruptcy Code are subject to the Limitation Act through Section 238A, and a written acknowledgment of a subsisting liability signed before expiry of limitation can trigger a fresh limitation period under Section 18. On the stated facts, the corporate debtor issued a written acknowledgment of liability on 10.07.2018, and the limitation objection had already been raised and considered before the Adjudicating Authority. The application under Section 7 could therefore not be treated as time barred merely by reference to the original date of default or NPA, and the limitation objection failed. Case-Laws Insolvency and Bankruptcy Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409217