https://www.taxtmi.com/caselaws?id=801842 Section 95 insolvency applications against personal guarantors are subject to the three-year limitation period under Article 137, running from expiry of the period stated in the demand invoking the guarantee. Any applicable COVID-19 exclusion must be deducted, but an application instituted after the resulting period expires is time-barred and not maintainable. Extension under Section 18 requires a conscious, unequivocal acknowledgment of subsisting liability by the debtor or an authorised person before limitation expires. A resolution professional's admission of a creditor's claim is an administrative act of collating and recording claims, not an admission of liability by the corporate debtor; it therefore neither acknowledges debt nor renews limitation. en-us Tue, 27 Oct 2026 00:00:00 +0530 Wed, 28 Oct 2026 07:16:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801842 Section 95 insolvency applications against personal guarantors are subject to the three-year limitation period under Article 137, running from expiry of the period stated in the demand invoking the guarantee. Any applicable COVID-19 exclusion must be deducted, but an application instituted after the resulting period expires is time-barred and not maintainable. Extension under Section 18 requires a conscious, unequivocal acknowledgment of subsisting liability by the debtor or an authorised person before limitation expires. A resolution professional's admission of a creditor's claim is an administrative act of collating and recording claims, not an admission of liability by the corporate debtor; it therefore neither acknowledges debt nor renews limitation. Case-Laws IBC Tue, 27 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801842