NCLT Admits Section 7 Application: Ongoing Correspondence and Settlements Dismiss Appellant's Debt Acknowledgment Argument.

NCLT Admits Section 7 Application: Ongoing Correspondence and Settlements Dismiss Appellant's Debt Acknowledgment Argument. https://www.taxtmi.com/highlights?id=72257 Admissibility of Section 7 application - Application is within the period of Limitation or not -The entire correspondence and the OTS proposals between the parties from 2008 to 2022, i.e. even after the filing of the Section 7 Application, the contention of the Appellant that there was no ‘acknowledgement of debt’ within 3 years of the date of the Debt Recovery Certificate pales into insignificance. - NCLT rightly admitted application - AT en-us Thu, 28 Sep 2023 08:47:42 +0530 Thu, 28 Sep 2023 08:47:42 +0530 TaxTMI RSS Generator NCLT Admits Section 7 Application: Ongoing Correspondence and Settlements Dismiss Appellant's Debt Acknowledgment Argument. https://www.taxtmi.com/highlights?id=72257 Admissibility of Section 7 application - Application is within the period of Limitation or not -The entire correspondence and the OTS proposals between the parties from 2008 to 2022, i.e. even after the filing of the Section 7 Application, the contention of the Appellant that there was no ‘acknowledgement of debt’ within 3 years of the date of the Debt Recovery Certificate pales into insignificance. - NCLT rightly admitted application - AT Highlights Insolvency and Bankruptcy Thu, 28 Sep 2023 08:47:42 +0530 https://www.taxtmi.com/highlights?id=72257