https://www.taxtmi.com/caselaws?id=787355 Whether the insolvency petition was time-barred turned on limitation principles: a recovery certificate was treated as triggering a fresh limitation period from its date; the period 15.03.2020-28.02.2022 was excluded by national suo moto orders, leaving limitation to run from 01.03.2022; audited financial-statement entries concerning guarantees and subsequent settlement correspondence were held to constitute clear acknowledgments of liability under the Limitation Act, thereby extending limitation. Outcome: the insolvency application filed 13.06.2024 was held within time and the admission order was upheld in favour of the respondent. en-us Wed, 25 Feb 2026 00:00:00 +0530 Tue, 03 Mar 2026 08:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787355 Whether the insolvency petition was time-barred turned on limitation principles: a recovery certificate was treated as triggering a fresh limitation period from its date; the period 15.03.2020-28.02.2022 was excluded by national suo moto orders, leaving limitation to run from 01.03.2022; audited financial-statement entries concerning guarantees and subsequent settlement correspondence were held to constitute clear acknowledgments of liability under the Limitation Act, thereby extending limitation. Outcome: the insolvency application filed 13.06.2024 was held within time and the admission order was upheld in favour of the respondent. Case-Laws IBC Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787355