https://www.taxtmi.com/caselaws?id=768542 A company petition under the Insolvency and Bankruptcy Code was held to be within limitation because repeated one-time settlement proposals by the corporate debtor operated as acknowledgments of debt, with the last acknowledgment dated 16.05.2017 extending the limitation period up to 15.05.2020. The Tribunal also applied the Supreme Court's suo motu extension of limitation for the period from 15.03.2020 to 28.02.2022, so a petition filed on 12.08.2021 fell within the extended time. No contrary material was produced to rebut these facts, and the petition was therefore not time-barred. en-us Thu, 03 Apr 2025 00:00:00 +0530 Wed, 09 Apr 2025 07:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768542 A company petition under the Insolvency and Bankruptcy Code was held to be within limitation because repeated one-time settlement proposals by the corporate debtor operated as acknowledgments of debt, with the last acknowledgment dated 16.05.2017 extending the limitation period up to 15.05.2020. The Tribunal also applied the Supreme Court's suo motu extension of limitation for the period from 15.03.2020 to 28.02.2022, so a petition filed on 12.08.2021 fell within the extended time. No contrary material was produced to rebut these facts, and the petition was therefore not time-barred. Case-Laws IBC Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768542