https://www.taxtmi.com/caselaws?id=300505 The Tribunal found that the Corporate Debtor's acknowledgment of debt in the letter dated 27.09.2017 extended the limitation period under Section 18 of the Limitation Act, 1963. As a result, the petition filed by IDBI Bank was within the prescribed limitation period. The Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. Mr. Vinit Gangwal was appointed as the Interim Resolution Professional, and the moratorium under Section 14 of the IBC was imposed to protect the Corporate Debtor from legal actions during the resolution process. en-us Mon, 10 May 2021 00:00:00 +0530 Mon, 07 Feb 2022 21:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300505 The Tribunal found that the Corporate Debtor's acknowledgment of debt in the letter dated 27.09.2017 extended the limitation period under Section 18 of the Limitation Act, 1963. As a result, the petition filed by IDBI Bank was within the prescribed limitation period. The Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. Mr. Vinit Gangwal was appointed as the Interim Resolution Professional, and the moratorium under Section 14 of the IBC was imposed to protect the Corporate Debtor from legal actions during the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 10 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300505