https://www.taxtmi.com/caselaws?id=769282 Repeated acknowledgment of debt within the limitation period extended time for initiating insolvency proceedings, so the Section 7 application was not time-barred. The record included an agreement, compromise and one-time settlement materials, and later correspondence and proceedings, all reflecting continuing acknowledgment of the bank's dues and default under the settlement terms. The corporate debtor did not raise a limitation objection before the Adjudicating Authority, and the challenge based on non-payment after 2015 did not override the contemporaneous acknowledgments. The admission of the insolvency petition was therefore sustained, and the CIRP-related directions were maintained. en-us Tue, 22 Apr 2025 00:00:00 +0530 Wed, 23 Apr 2025 09:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769282 Repeated acknowledgment of debt within the limitation period extended time for initiating insolvency proceedings, so the Section 7 application was not time-barred. The record included an agreement, compromise and one-time settlement materials, and later correspondence and proceedings, all reflecting continuing acknowledgment of the bank's dues and default under the settlement terms. The corporate debtor did not raise a limitation objection before the Adjudicating Authority, and the challenge based on non-payment after 2015 did not override the contemporaneous acknowledgments. The admission of the insolvency petition was therefore sustained, and the CIRP-related directions were maintained. Case-Laws IBC Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769282