https://www.taxtmi.com/caselaws?id=466392 The appeal addresses whether a corporate insolvency resolution application under section 7 was barred by limitation and whether any acknowledgement in the corporate debtor's financial statements tolled limitation under the Limitation Act. The tribunal noted prior reliance on a precedent subsequently reversed by the Supreme Court and that the Adjudicating Authority did not consider balance sheets or acknowledgements. The appeal was allowed and the matter remanded for fresh decision on both limitation and merits expeditiously, with directions for both parties to appear for further proceedings. No views were expressed on substantive issues. en-us Mon, 21 Nov 2022 00:00:00 +0530 Thu, 05 Feb 2026 18:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466392 The appeal addresses whether a corporate insolvency resolution application under section 7 was barred by limitation and whether any acknowledgement in the corporate debtor's financial statements tolled limitation under the Limitation Act. The tribunal noted prior reliance on a precedent subsequently reversed by the Supreme Court and that the Adjudicating Authority did not consider balance sheets or acknowledgements. The appeal was allowed and the matter remanded for fresh decision on both limitation and merits expeditiously, with directions for both parties to appear for further proceedings. No views were expressed on substantive issues. Case-Laws IBC Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466392