https://www.taxtmi.com/caselaws?id=789000 Acknowledgment of debt in balance-sheet entries, email communications and a one-time settlement proposal extended limitation under the Limitation Act, and the recovery certificate was treated as a fresh cause of action for initiating insolvency proceedings, so the Section 7 application was not time-barred. The objection to continuation of the appeal also failed because substitution of the legal heir had already been allowed, and the heir could continue the pending proceedings in the place of the original appellant. On those grounds, the admission of the insolvency proceeding was upheld. en-us Mon, 12 Jan 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789000 Acknowledgment of debt in balance-sheet entries, email communications and a one-time settlement proposal extended limitation under the Limitation Act, and the recovery certificate was treated as a fresh cause of action for initiating insolvency proceedings, so the Section 7 application was not time-barred. The objection to continuation of the appeal also failed because substitution of the legal heir had already been allowed, and the heir could continue the pending proceedings in the place of the original appellant. On those grounds, the admission of the insolvency proceeding was upheld. Case-Laws IBC Mon, 12 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789000