https://www.taxtmi.com/caselaws?id=415668 An operational creditor's section 9 Insolvency and Bankruptcy Code claim was found time-barred because the invoices were dated 11 February 2012 and the application was filed only in October 2018. The corporate debtor's letter of 14 December 2017 was treated merely as a request to discuss settlement, not as a written and signed acknowledgment of liability under section 18 of the Limitation Act, 1963, or an express promise to pay a barred debt under section 25(3) of the Indian Contract Act, 1872. As limitation had already expired, the claim could not be revived. en-us Wed, 08 Dec 2021 00:00:00 +0530 Fri, 10 Dec 2021 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415668 An operational creditor's section 9 Insolvency and Bankruptcy Code claim was found time-barred because the invoices were dated 11 February 2012 and the application was filed only in October 2018. The corporate debtor's letter of 14 December 2017 was treated merely as a request to discuss settlement, not as a written and signed acknowledgment of liability under section 18 of the Limitation Act, 1963, or an express promise to pay a barred debt under section 25(3) of the Indian Contract Act, 1872. As limitation had already expired, the claim could not be revived. Case-Laws Insolvency and Bankruptcy Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415668