https://www.taxtmi.com/caselaws?id=450108 In a section 9 insolvency context, limitation was held to be governed by Article 137 of the Limitation Act, 1963, because the project-wise maintenance of ledger accounts did not create a running account for extending time. E-mails relied on as acknowledgements were ineffective since they were made after limitation had expired for most invoices and were not reliably linked to the demand invoices, so section 18 of the Limitation Act did not apply. The remaining claim, even if within limitation, fell below the section 4 threshold under the Insolvency and Bankruptcy Code, 2016, and could not be recharacterised to meet it. en-us Tue, 27 Feb 2024 00:00:00 +0530 Wed, 28 Feb 2024 06:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450108 In a section 9 insolvency context, limitation was held to be governed by Article 137 of the Limitation Act, 1963, because the project-wise maintenance of ledger accounts did not create a running account for extending time. E-mails relied on as acknowledgements were ineffective since they were made after limitation had expired for most invoices and were not reliably linked to the demand invoices, so section 18 of the Limitation Act did not apply. The remaining claim, even if within limitation, fell below the section 4 threshold under the Insolvency and Bankruptcy Code, 2016, and could not be recharacterised to meet it. Case-Laws Insolvency and Bankruptcy Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450108