https://www.taxtmi.com/caselaws?id=311389 An amended Section 7 IBC application that introduced balance-sheet entries said to acknowledge debt had to be reconsidered on limitation after amendment. The Tribunal held that whether those entries amounted to acknowledgment under Section 18 of the Limitation Act, and whether the application was within Article 137 limitation, required a merits-based examination by the Adjudicating Authority. The appellate order was set aside and the matter remanded for fresh consideration of the amended application on limitation and the alleged acknowledgments. en-us Tue, 23 Aug 2022 00:00:00 +0530 Sat, 23 Dec 2023 09:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311389 An amended Section 7 IBC application that introduced balance-sheet entries said to acknowledge debt had to be reconsidered on limitation after amendment. The Tribunal held that whether those entries amounted to acknowledgment under Section 18 of the Limitation Act, and whether the application was within Article 137 limitation, required a merits-based examination by the Adjudicating Authority. The appellate order was set aside and the matter remanded for fresh consideration of the amended application on limitation and the alleged acknowledgments. Case-Laws Insolvency and Bankruptcy Tue, 23 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311389