https://www.taxtmi.com/caselaws?id=424970 The Tribunal dismissed the appeal, upholding the decision of the National Company Law Tribunal (NCLT), Mumbai, to admit the Section 7 Application filed by the Bank of Baroda. The acknowledgments of debt through the OTS proposals extended the limitation period, rendering the application timely. The additional documents, including the OTS proposal and relevant communications, were admitted as crucial evidence. The Tribunal's decision was supported by Supreme Court interpretations of the Limitation Act and the Insolvency and Bankruptcy Code. en-us Tue, 12 Jul 2022 00:00:00 +0530 Thu, 14 Jul 2022 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424970 The Tribunal dismissed the appeal, upholding the decision of the National Company Law Tribunal (NCLT), Mumbai, to admit the Section 7 Application filed by the Bank of Baroda. The acknowledgments of debt through the OTS proposals extended the limitation period, rendering the application timely. The additional documents, including the OTS proposal and relevant communications, were admitted as crucial evidence. The Tribunal's decision was supported by Supreme Court interpretations of the Limitation Act and the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424970