https://www.taxtmi.com/article/detailed?id=10729 The note explains that the IBC Code's non-obstante supremacy coexists with an express provision requiring the Limitation Act to apply "as far as may be" to insolvency proceedings. Where the Code specifies limitation rules those prevail; otherwise Limitation Act provisions, including acknowledgement of debt and exclusion of time for bona fide proceedings, apply mutatis mutandis provided they are not patently inconsistent with the Code's object. The accrual of the right to file is the date of default, distinction between operational and regulatory dues matters, and factual inquiry determines condonation and applicability. en-us Fri, 30 Sep 2022 09:45:34 +0530 Fri, 30 Sep 2022 09:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10729 The note explains that the IBC Code's non-obstante supremacy coexists with an express provision requiring the Limitation Act to apply "as far as may be" to insolvency proceedings. Where the Code specifies limitation rules those prevail; otherwise Limitation Act provisions, including acknowledgement of debt and exclusion of time for bona fide proceedings, apply mutatis mutandis provided they are not patently inconsistent with the Code's object. The accrual of the right to file is the date of default, distinction between operational and regulatory dues matters, and factual inquiry determines condonation and applicability. Articles Goods and Services Tax - GST Fri, 30 Sep 2022 09:45:34 +0530 https://www.taxtmi.com/article/detailed?id=10729