https://www.taxtmi.com/caselaws?id=467969 A signed balance sheet can operate as a written acknowledgment of liability under Section 18 of the Limitation Act, 1963, extending the three-year limitation period under Article 137 for a Section 7 application under the Insolvency and Bankruptcy Code, 2016. Payment under Section 19 of the Limitation Act may also extend limitation. The appellate tribunal treated additional balance-sheet documents as statutory documents of the corporate debtor and allowed them to be taken on record at the appellate stage because they were relevant to the limitation issue. On that basis, the Section 7 application was treated as within limitation. en-us Wed, 18 Sep 2024 00:00:00 +0530 Fri, 10 Apr 2026 20:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467969 A signed balance sheet can operate as a written acknowledgment of liability under Section 18 of the Limitation Act, 1963, extending the three-year limitation period under Article 137 for a Section 7 application under the Insolvency and Bankruptcy Code, 2016. Payment under Section 19 of the Limitation Act may also extend limitation. The appellate tribunal treated additional balance-sheet documents as statutory documents of the corporate debtor and allowed them to be taken on record at the appellate stage because they were relevant to the limitation issue. On that basis, the Section 7 application was treated as within limitation. Case-Laws IBC Wed, 18 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467969