https://www.taxtmi.com/caselaws?id=787452 Acknowledgements of debt and subsequent one time settlement proposals operate as sufficient acknowledgement under the Limitation Act to extend limitation, and therefore a delayed insolvency petition filed after such acknowledgements is not time barred; this supports sustaining admission. Where substituted service was effected, the corporate debtor appeared, sought time but repeatedly failed to file a reply or appear thereafter, and the adjudicator afforded opportunities; such procedural history does not amount to a breach of natural justice and does not vitiate ex parte admission. Operative effect: acknowledgements and OTS can extend limitation and proper substituted service plus opportunity defeats natural justice objection. en-us Mon, 02 Mar 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787452 Acknowledgements of debt and subsequent one time settlement proposals operate as sufficient acknowledgement under the Limitation Act to extend limitation, and therefore a delayed insolvency petition filed after such acknowledgements is not time barred; this supports sustaining admission. Where substituted service was effected, the corporate debtor appeared, sought time but repeatedly failed to file a reply or appear thereafter, and the adjudicator afforded opportunities; such procedural history does not amount to a breach of natural justice and does not vitiate ex parte admission. Operative effect: acknowledgements and OTS can extend limitation and proper substituted service plus opportunity defeats natural justice objection. Case-Laws IBC Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787452