https://www.taxtmi.com/article/detailed?id=15258 Section 238A of the IBC imports the Limitation Act into insolvency proceedings, and Article 137 supplies a three-year limitation. Entries in audited financial statements can amount to an acknowledgement of debt under section 18 of the Limitation Act where context-continuity across balance sheets, cash flow disclosures, and a dated board-signed statement-demonstrates a subsisting liability, thereby recomputing limitation from the date of that acknowledgement. en-us Thu, 23 Oct 2025 20:23:54 +0530 Thu, 23 Oct 2025 20:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15258 Section 238A of the IBC imports the Limitation Act into insolvency proceedings, and Article 137 supplies a three-year limitation. Entries in audited financial statements can amount to an acknowledgement of debt under section 18 of the Limitation Act where context-continuity across balance sheets, cash flow disclosures, and a dated board-signed statement-demonstrates a subsisting liability, thereby recomputing limitation from the date of that acknowledgement. Articles Goods and Services Tax - GST Thu, 23 Oct 2025 20:23:54 +0530 https://www.taxtmi.com/article/detailed?id=15258