https://www.taxtmi.com/caselaws?id=305262 Acknowledgments of liability through restructured loan documents, balance confirmations, and later payment were treated as extending limitation, so the insolvency petition was held within time and the limitation objection was rejected. Financial debt and continuing default were also found on the record, supported by acknowledgments and NPA classification, and the statutory admission requirements were satisfied. The company petition was admitted, CIRP commenced against the corporate debtor, and an interim resolution professional was appointed with moratorium and allied insolvency directions. en-us Fri, 17 Sep 2021 00:00:00 +0530 Thu, 24 Nov 2022 23:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305262 Acknowledgments of liability through restructured loan documents, balance confirmations, and later payment were treated as extending limitation, so the insolvency petition was held within time and the limitation objection was rejected. Financial debt and continuing default were also found on the record, supported by acknowledgments and NPA classification, and the statutory admission requirements were satisfied. The company petition was admitted, CIRP commenced against the corporate debtor, and an interim resolution professional was appointed with moratorium and allied insolvency directions. Case-Laws Insolvency and Bankruptcy Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305262