https://www.taxtmi.com/caselaws?id=413092 SC held that a general power of attorney executed by a financial institution authorising an officer to act on its behalf did not disqualify the officer from filing an application under Section 7. The Court found the application initially time-barred from the 2014 default date, but documents acknowledging the debt in 2018-2019 brought Section 18 of the Limitation Act into play, extending the limitation period. The Adjudicating Authority permissibly considered the corporate debtor's records; the financial creditor bears the burden to prima facie prove default and timeliness. Appeal dismissed. en-us Thu, 30 Sep 2021 00:00:00 +0530 Fri, 31 Oct 2025 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413092 SC held that a general power of attorney executed by a financial institution authorising an officer to act on its behalf did not disqualify the officer from filing an application under Section 7. The Court found the application initially time-barred from the 2014 default date, but documents acknowledging the debt in 2018-2019 brought Section 18 of the Limitation Act into play, extending the limitation period. The Adjudicating Authority permissibly considered the corporate debtor's records; the financial creditor bears the burden to prima facie prove default and timeliness. Appeal dismissed. Case-Laws IBC Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413092