https://www.taxtmi.com/caselaws?id=764204 An application under Section 9 of the Insolvency and Bankruptcy Code was held not barred by limitation because Article 137 applied, limitation ran from accrual of the right to apply, and the last payment on 26.08.2019, together with the COVID-related exclusion period, kept the filing within time. Section 19 of the Limitation Act was also satisfied because the debtor's written reply admitted the last payment towards the price of goods, which amounted to acknowledgment of payment within the prescribed period and gave rise to a fresh period of limitation. The limitation objection therefore failed and the rejection of the preliminary objection was sustained. en-us Fri, 03 Jan 2025 00:00:00 +0530 Sat, 04 Jan 2025 12:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764204 An application under Section 9 of the Insolvency and Bankruptcy Code was held not barred by limitation because Article 137 applied, limitation ran from accrual of the right to apply, and the last payment on 26.08.2019, together with the COVID-related exclusion period, kept the filing within time. Section 19 of the Limitation Act was also satisfied because the debtor's written reply admitted the last payment towards the price of goods, which amounted to acknowledgment of payment within the prescribed period and gave rise to a fresh period of limitation. The limitation objection therefore failed and the rejection of the preliminary objection was sustained. Case-Laws IBC Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764204