https://www.taxtmi.com/caselaws?id=413246 A mediation settlement could not be used to amend the pleaded date of default in a section 9 insolvency application because no court order or decree recording the settlement was produced, and mediation communications could not be relied on in other proceedings. The Tribunal also held that the settlement did not amount to a valid acknowledgment of liability under section 18 of the Limitation Act since it was not within limitation and was protected by confidentiality rules. Time spent in criminal proceedings was not excluded under section 12, and no sufficient cause was shown for condonation under section 5. The application was therefore treated as time-barred on the accepted facts. en-us Fri, 24 Sep 2021 00:00:00 +0530 Thu, 07 Oct 2021 09:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413246 A mediation settlement could not be used to amend the pleaded date of default in a section 9 insolvency application because no court order or decree recording the settlement was produced, and mediation communications could not be relied on in other proceedings. The Tribunal also held that the settlement did not amount to a valid acknowledgment of liability under section 18 of the Limitation Act since it was not within limitation and was protected by confidentiality rules. Time spent in criminal proceedings was not excluded under section 12, and no sufficient cause was shown for condonation under section 5. The application was therefore treated as time-barred on the accepted facts. Case-Laws Insolvency and Bankruptcy Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413246