https://www.taxtmi.com/article/detailed?id=13072 The dispute concerned whether entries in the corporate debtor's audited balance sheets and a One Time Settlement letter constituted written acknowledgements under Section 18 of the Limitation Act, thereby restarting the limitation period and permitting institution of proceedings under Section 7 of the Insolvency and Bankruptcy Code; adjudicatory bodies found the balance-sheet entries and settlement communication to be clear acknowledgements of liability and the petition to be within the extended limitation period. en-us Wed, 30 Oct 2024 11:40:11 +0530 Wed, 30 Oct 2024 11:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13072 The dispute concerned whether entries in the corporate debtor's audited balance sheets and a One Time Settlement letter constituted written acknowledgements under Section 18 of the Limitation Act, thereby restarting the limitation period and permitting institution of proceedings under Section 7 of the Insolvency and Bankruptcy Code; adjudicatory bodies found the balance-sheet entries and settlement communication to be clear acknowledgements of liability and the petition to be within the extended limitation period. Articles Corporate Laws / IBC / SEBI Wed, 30 Oct 2024 11:40:11 +0530 https://www.taxtmi.com/article/detailed?id=13072