https://www.taxtmi.com/article/detailed?id=14006 Section 238A incorporates the Limitation Act into insolvency proceedings and Section 18 permits revival of limitation where a debtor delivers a written, signed acknowledgement of liability before expiry. Entries in a balance sheet can qualify as such an acknowledgement even without naming the specific creditor, and the operative date for computing the renewed limitation period is the date the balance sheet was signed, not the subsequent date of uploading or filing with the Registrar of Companies. en-us Thu, 03 Apr 2025 07:51:24 +0530 Thu, 03 Apr 2025 07:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14006 Section 238A incorporates the Limitation Act into insolvency proceedings and Section 18 permits revival of limitation where a debtor delivers a written, signed acknowledgement of liability before expiry. Entries in a balance sheet can qualify as such an acknowledgement even without naming the specific creditor, and the operative date for computing the renewed limitation period is the date the balance sheet was signed, not the subsequent date of uploading or filing with the Registrar of Companies. Articles Corporate Laws / IBC / SEBI Thu, 03 Apr 2025 07:51:24 +0530 https://www.taxtmi.com/article/detailed?id=14006