https://www.taxtmi.com/caselaws?id=443199 A written acknowledgment of liability made before expiry of limitation, including entries in a corporate debtor's balance sheet and valid one-time settlement proposals, gives rise to a fresh limitation period under Section 18 of the Limitation Act, 1963. On that basis, the insolvency application was treated as within time. Section 14 exclusion was unavailable because the creditor's measures under the SARFAESI Act were not proceedings prosecuted before a forum lacking jurisdiction. The notes therefore state that acknowledgment can revive limitation, while Section 14 applies only where prior proceedings were before a jurisdictionally incompetent forum. en-us Tue, 12 Sep 2023 00:00:00 +0530 Mon, 16 Feb 2026 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443199 A written acknowledgment of liability made before expiry of limitation, including entries in a corporate debtor's balance sheet and valid one-time settlement proposals, gives rise to a fresh limitation period under Section 18 of the Limitation Act, 1963. On that basis, the insolvency application was treated as within time. Section 14 exclusion was unavailable because the creditor's measures under the SARFAESI Act were not proceedings prosecuted before a forum lacking jurisdiction. The notes therefore state that acknowledgment can revive limitation, while Section 14 applies only where prior proceedings were before a jurisdictionally incompetent forum. Case-Laws IBC Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443199