NCLT Initiates Insolvency Process as Corporate Debtor Acknowledges Debt, Extending Limitation Period u/s 18.

NCLT Initiates Insolvency Process as Corporate Debtor Acknowledges Debt, Extending Limitation Period u/s 18. https://www.taxtmi.com/highlights?id=73148 Initiation of CIRP - NCLT admitted the application u/s 7 - period of limitation - The application filed by the Respondent No. 1 was not barred by time there being continuous acknowledgment in their respective balance sheets of the Corporate Debtor which acknowledgment was within the meaning of Section 18 of the Limitation Act extending the period of limitation by fresh period of limitation by each acknowledgment. - AT en-us Wed, 22 Nov 2023 08:11:13 +0530 Wed, 22 Nov 2023 08:11:13 +0530 TaxTMI RSS Generator NCLT Initiates Insolvency Process as Corporate Debtor Acknowledges Debt, Extending Limitation Period u/s 18. https://www.taxtmi.com/highlights?id=73148 Initiation of CIRP - NCLT admitted the application u/s 7 - period of limitation - The application filed by the Respondent No. 1 was not barred by time there being continuous acknowledgment in their respective balance sheets of the Corporate Debtor which acknowledgment was within the meaning of Section 18 of the Limitation Act extending the period of limitation by fresh period of limitation by each acknowledgment. - AT Highlights Insolvency and Bankruptcy Wed, 22 Nov 2023 08:11:13 +0530 https://www.taxtmi.com/highlights?id=73148