https://www.taxtmi.com/caselaws?id=413660 An operational creditor's Section 9 IBC application was held time-barred because it was filed more than three years after the pleaded default date. The emails relied on from November 2019 did not amount to a clear acknowledgment of debt under Section 18 of the Limitation Act, as the corporate debtor stated that no salary was pending and the later correspondence did not expressly admit liability. Without a valid acknowledgment, limitation ran from the original date of default under Article 137, and the application could not be maintained. en-us Fri, 08 Oct 2021 00:00:00 +0530 Thu, 25 Nov 2021 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413660 An operational creditor's Section 9 IBC application was held time-barred because it was filed more than three years after the pleaded default date. The emails relied on from November 2019 did not amount to a clear acknowledgment of debt under Section 18 of the Limitation Act, as the corporate debtor stated that no salary was pending and the later correspondence did not expressly admit liability. Without a valid acknowledgment, limitation ran from the original date of default under Article 137, and the application could not be maintained. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413660