https://www.taxtmi.com/caselaws?id=431198 The Tribunal held that the Section 7 Application was not 'barred by Limitation' as the Balance Sheet acknowledged the debt, setting aside the Impugned Order. The decision was limited to the aspect of Limitation, allowing the Respondent to address other issues regarding the 'debt' and 'default' before the Adjudicating Authority. The Tribunal emphasized the acknowledgment of debt in the Balance Sheets and the extension of the Limitation period, highlighting the importance of legal precedents and the application of the Limitation Act in insolvency proceedings. en-us Tue, 06 Dec 2022 00:00:00 +0530 Thu, 08 Dec 2022 09:40:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431198 The Tribunal held that the Section 7 Application was not 'barred by Limitation' as the Balance Sheet acknowledged the debt, setting aside the Impugned Order. The decision was limited to the aspect of Limitation, allowing the Respondent to address other issues regarding the 'debt' and 'default' before the Adjudicating Authority. The Tribunal emphasized the acknowledgment of debt in the Balance Sheets and the extension of the Limitation period, highlighting the importance of legal precedents and the application of the Limitation Act in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431198