https://www.taxtmi.com/caselaws?id=423782 A written acknowledgment of liability made before expiry of the limitation period can give rise to a fresh period of limitation for a Section 7 insolvency application under the Limitation Act. Letters seeking restructuring, one-time settlement proposals, and balance-sheet disclosures were treated as acknowledgments in writing, and the insolvency petition was therefore within time. The limitation objection was rejected because the later debtor correspondence and liability disclosures extended limitation, and the insolvency admission order was sustained. en-us Fri, 10 Jun 2022 00:00:00 +0530 Wed, 15 Jun 2022 09:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423782 A written acknowledgment of liability made before expiry of the limitation period can give rise to a fresh period of limitation for a Section 7 insolvency application under the Limitation Act. Letters seeking restructuring, one-time settlement proposals, and balance-sheet disclosures were treated as acknowledgments in writing, and the insolvency petition was therefore within time. The limitation objection was rejected because the later debtor correspondence and liability disclosures extended limitation, and the insolvency admission order was sustained. Case-Laws Insolvency and Bankruptcy Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423782