https://www.taxtmi.com/caselaws?id=299381 A debtor's written communication seeking settlement of an unpaid operational claim can operate as a promise to pay and save limitation under section 25(3) of the Indian Contract Act, making a section 9 insolvency application timely. Where the record does not disclose any real pre-existing dispute and the application is otherwise complete, including the supporting affidavit, bank statement and proposed interim resolution professional, the section 9 application is liable to admission and the corporate insolvency resolution process may commence. en-us Fri, 28 Feb 2020 00:00:00 +0530 Mon, 13 Dec 2021 08:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299381 A debtor's written communication seeking settlement of an unpaid operational claim can operate as a promise to pay and save limitation under section 25(3) of the Indian Contract Act, making a section 9 insolvency application timely. Where the record does not disclose any real pre-existing dispute and the application is otherwise complete, including the supporting affidavit, bank statement and proposed interim resolution professional, the section 9 application is liable to admission and the corporate insolvency resolution process may commence. Case-Laws Insolvency and Bankruptcy Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299381