https://www.taxtmi.com/caselaws?id=780177 A written acknowledgment, part payment, or signed promise to pay can extend or revive limitation for a subsisting debt under the Limitation Act and Section 25(3) of the Indian Contract Act. Later sanction letters, mortgage deeds, promissory notes, undertakings, and balance confirmations may evidence a continuing debtor-creditor relationship rather than separate transactions, and can support a fresh enforceable cause of action. Where the account history and security documents show continuity, the debt may qualify as financial debt for insolvency purposes and default may be established on the record. The operative effect is that the insolvency claim may remain within limitation despite an earlier default date. en-us Fri, 17 Oct 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780177 A written acknowledgment, part payment, or signed promise to pay can extend or revive limitation for a subsisting debt under the Limitation Act and Section 25(3) of the Indian Contract Act. Later sanction letters, mortgage deeds, promissory notes, undertakings, and balance confirmations may evidence a continuing debtor-creditor relationship rather than separate transactions, and can support a fresh enforceable cause of action. Where the account history and security documents show continuity, the debt may qualify as financial debt for insolvency purposes and default may be established on the record. The operative effect is that the insolvency claim may remain within limitation despite an earlier default date. Case-Laws IBC Fri, 17 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780177