https://www.taxtmi.com/highlights?id=97187 The note addresses exclusion of the limitation period during the pandemic and its effect on a petition based on a corporate guarantee. It applies the Supreme Court direction excluding a defined pandemic interval from limitation computation and treats an out of court acknowledgement by the principal debtor as extending limitation under the Limitation Act acknowledgement rule, with corresponding effect for the guarantor. Whether guarantee invocation occurred by issuing a statutory demand notice is fact specific and depends on the guarantee deed; the adjudicating authority failed to consider these aspects properly, so the matter is remanded for fresh factual and legal determination. en-us Thu, 26 Feb 2026 07:35:37 +0530 Thu, 26 Feb 2026 07:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97187 The note addresses exclusion of the limitation period during the pandemic and its effect on a petition based on a corporate guarantee. It applies the Supreme Court direction excluding a defined pandemic interval from limitation computation and treats an out of court acknowledgement by the principal debtor as extending limitation under the Limitation Act acknowledgement rule, with corresponding effect for the guarantor. Whether guarantee invocation occurred by issuing a statutory demand notice is fact specific and depends on the guarantee deed; the adjudicating authority failed to consider these aspects properly, so the matter is remanded for fresh factual and legal determination. Highlights IBC Thu, 26 Feb 2026 07:35:37 +0530 https://www.taxtmi.com/highlights?id=97187