https://www.taxtmi.com/caselaws?id=410737 The court held that the petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) was not barred by limitation as acknowledgments of debt extended the limitation period. A final judgment and decree of the Debt Recovery Tribunal (DRT) or a Recovery Certificate constituted a fresh cause of action. The court allowed amending pleadings and filing additional documents in the petition under Section 7 of the IBC, emphasizing a liberal construction of the IBC. The appeal was allowed, setting aside the NCLAT's judgment and order. en-us Wed, 04 Aug 2021 00:00:00 +0530 Thu, 28 Apr 2022 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410737 The court held that the petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) was not barred by limitation as acknowledgments of debt extended the limitation period. A final judgment and decree of the Debt Recovery Tribunal (DRT) or a Recovery Certificate constituted a fresh cause of action. The court allowed amending pleadings and filing additional documents in the petition under Section 7 of the IBC, emphasizing a liberal construction of the IBC. The appeal was allowed, setting aside the NCLAT's judgment and order. Case-Laws Insolvency and Bankruptcy Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410737