https://www.taxtmi.com/caselaws?id=443199 Written acknowledgments of liability in a corporate debtor's balance sheet and one-time settlement proposals, when made before expiry of the running limitation period, give rise to a fresh limitation period under Section 18 of the Limitation Act, 1963. An insolvency application filed within the extended period is therefore not time-barred. Exclusion of time under Section 14 is unavailable for enforcement measures under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, because Section 14 applies only where prior proceedings were pursued before a forum lacking jurisdiction. The insolvency admission was sustained and the resolution process continued. 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 Written acknowledgments of liability in a corporate debtor's balance sheet and one-time settlement proposals, when made before expiry of the running limitation period, give rise to a fresh limitation period under Section 18 of the Limitation Act, 1963. An insolvency application filed within the extended period is therefore not time-barred. Exclusion of time under Section 14 is unavailable for enforcement measures under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, because Section 14 applies only where prior proceedings were pursued before a forum lacking jurisdiction. The insolvency admission was sustained and the resolution process continued. Case-Laws IBC Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443199