https://www.taxtmi.com/caselaws?id=444670 Balance-sheet acknowledgements and repeated settlement proposals can extend limitation under section 18 of the Limitation Act, 1963, where they are made before expiry of the limitation period. An amendment introducing such acknowledgement-based pleading, once allowed without any restriction on effect, ordinarily relates back to the original section 7 application. The text also notes that an application signed by an authorised bank officer is maintainable where authority flows from the governing regulations and the amendment has attained finality. The discussion therefore centres on limitation, relation back of amendments, and authorised signatory requirements in insolvency proceedings. en-us Mon, 16 Oct 2023 00:00:00 +0530 Fri, 20 Oct 2023 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444670 Balance-sheet acknowledgements and repeated settlement proposals can extend limitation under section 18 of the Limitation Act, 1963, where they are made before expiry of the limitation period. An amendment introducing such acknowledgement-based pleading, once allowed without any restriction on effect, ordinarily relates back to the original section 7 application. The text also notes that an application signed by an authorised bank officer is maintainable where authority flows from the governing regulations and the amendment has attained finality. The discussion therefore centres on limitation, relation back of amendments, and authorised signatory requirements in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 16 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444670