https://www.taxtmi.com/caselaws?id=427916 Limitation for a Section 9 Insolvency and Bankruptcy Code application runs from the date of default under Article 137 of the Limitation Act, and a prior winding up proceeding does not by itself extend time. Exclusion under Section 14(2) applies only where the earlier proceeding was pursued with due diligence and in good faith before a forum lacking jurisdiction or similar cause, and Section 18 can restart limitation only if the acknowledgment is made before expiry of the limitation period. On the stated facts, the last acknowledgment was in 2013 and no later valid acknowledgment was shown, so the application was time-barred and the contrary finding was unsustainable. en-us Mon, 19 Sep 2022 00:00:00 +0530 Tue, 20 Sep 2022 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427916 Limitation for a Section 9 Insolvency and Bankruptcy Code application runs from the date of default under Article 137 of the Limitation Act, and a prior winding up proceeding does not by itself extend time. Exclusion under Section 14(2) applies only where the earlier proceeding was pursued with due diligence and in good faith before a forum lacking jurisdiction or similar cause, and Section 18 can restart limitation only if the acknowledgment is made before expiry of the limitation period. On the stated facts, the last acknowledgment was in 2013 and no later valid acknowledgment was shown, so the application was time-barred and the contrary finding was unsustainable. Case-Laws Insolvency and Bankruptcy Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427916