https://www.taxtmi.com/caselaws?id=787452 Repeated acknowledgments of liability through restructuring requests and one-time settlement proposals extended limitation under section 18, so the section 7 application was not time-barred. Substituted service, followed by appearance of counsel and further opportunity to file a reply, was sufficient to justify proceeding ex parte, so there was no breach of natural justice. Disbursal, account classification as NPA, recall and SARFAESI notices, and the debtor's own settlement material established debt and default, making admission of the insolvency application sustainable. 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 Repeated acknowledgments of liability through restructuring requests and one-time settlement proposals extended limitation under section 18, so the section 7 application was not time-barred. Substituted service, followed by appearance of counsel and further opportunity to file a reply, was sufficient to justify proceeding ex parte, so there was no breach of natural justice. Disbursal, account classification as NPA, recall and SARFAESI notices, and the debtor's own settlement material established debt and default, making admission of the insolvency application sustainable. Case-Laws IBC Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787452