https://www.taxtmi.com/caselaws?id=759181 Limitation under Article 137 was held to run from the recalled demand in February 2001, not from the later date inserted in the insolvency filing. The period during which BIFR proceedings and the related appeal were actually pending was excluded under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, but only for those statutory suspension periods. After that exclusion, the three-year limitation had already expired before the Section 7 application was filed in December 2019. Recovery certificate references, OTS letters and later balance-sheet entries did not revive limitation because no timely acknowledgment fell within the critical period. en-us Wed, 25 Sep 2024 00:00:00 +0530 Thu, 26 Sep 2024 08:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759181 Limitation under Article 137 was held to run from the recalled demand in February 2001, not from the later date inserted in the insolvency filing. The period during which BIFR proceedings and the related appeal were actually pending was excluded under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, but only for those statutory suspension periods. After that exclusion, the three-year limitation had already expired before the Section 7 application was filed in December 2019. Recovery certificate references, OTS letters and later balance-sheet entries did not revive limitation because no timely acknowledgment fell within the critical period. Case-Laws IBC Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759181