https://www.taxtmi.com/caselaws?id=787071 Limitation for the section 7 insolvency application had to be reassessed because the effect of the Supreme Court's Covid-period exclusion and the date of invocation of the corporate guarantee were not properly considered. The appellate tribunal found that the demand notice had been treated as the invocation notice and default had been computed from 19.11.2019, but the record also raised an alleged acknowledgment of debt without supporting material for final determination. As limitation and acknowledgment depended on disputed factual and legal issues, the finding that the application was time-barred was set aside and the matter remanded for fresh adjudication on a complete factual record. en-us Tue, 17 Feb 2026 00:00:00 +0530 Thu, 26 Feb 2026 07:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787071 Limitation for the section 7 insolvency application had to be reassessed because the effect of the Supreme Court's Covid-period exclusion and the date of invocation of the corporate guarantee were not properly considered. The appellate tribunal found that the demand notice had been treated as the invocation notice and default had been computed from 19.11.2019, but the record also raised an alleged acknowledgment of debt without supporting material for final determination. As limitation and acknowledgment depended on disputed factual and legal issues, the finding that the application was time-barred was set aside and the matter remanded for fresh adjudication on a complete factual record. Case-Laws IBC Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787071