https://www.taxtmi.com/caselaws?id=411234 A Section 7 insolvency application was held not time barred where the record showed repeated one-time settlement proposals and part-payments within the limitation period. Those settlement communications and payments were treated as acknowledgments of liability attracting Sections 18 and 19 of the Limitation Act, and the recovery certificate was also relevant to limitation. The objection under Section 23 of the Indian Evidence Act failed because the communications did not show any express or inferred agreement excluding their use in evidence. The petition was therefore maintainable on limitation grounds. en-us Wed, 18 Aug 2021 00:00:00 +0530 Fri, 20 Aug 2021 08:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411234 A Section 7 insolvency application was held not time barred where the record showed repeated one-time settlement proposals and part-payments within the limitation period. Those settlement communications and payments were treated as acknowledgments of liability attracting Sections 18 and 19 of the Limitation Act, and the recovery certificate was also relevant to limitation. The objection under Section 23 of the Indian Evidence Act failed because the communications did not show any express or inferred agreement excluding their use in evidence. The petition was therefore maintainable on limitation grounds. Case-Laws Insolvency and Bankruptcy Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411234