https://www.taxtmi.com/caselaws?id=420986 An application under section 7 of the Insolvency and Bankruptcy Code was treated as validly filed where board resolutions and authority letters showed that the signatory was empowered to sign and present it for the financial creditors. Limitation was held to be saved by section 238A of the Code read with article 137 and sections 18 and 19 of the Limitation Act, with the period spent in statutory proceedings excluded and restructuring, part-payments and settlement events treated as giving rise to a fresh limitation period. A proposed settlement did not bar admission, as creditors could not be compelled to accept it once debt and default were established. en-us Mon, 28 Mar 2022 00:00:00 +0530 Fri, 15 Apr 2022 08:53:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420986 An application under section 7 of the Insolvency and Bankruptcy Code was treated as validly filed where board resolutions and authority letters showed that the signatory was empowered to sign and present it for the financial creditors. Limitation was held to be saved by section 238A of the Code read with article 137 and sections 18 and 19 of the Limitation Act, with the period spent in statutory proceedings excluded and restructuring, part-payments and settlement events treated as giving rise to a fresh limitation period. A proposed settlement did not bar admission, as creditors could not be compelled to accept it once debt and default were established. Case-Laws Insolvency and Bankruptcy Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420986