NCLT Admits Section 7 Application: Ongoing Correspondence and Settlements Dismiss Appellant's Debt Acknowledgment Argument.

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....Admissibility of Section 7 application - Application is within the period of Limitation or not -The entire correspondence and the OTS proposals between the parties from 2008 to 2022, i.e. even after the filing of the Section 7 Application, the contention of the Appellant that there was no ‘acknowledgement of debt’ within 3 years of the date of the Debt Recovery Certificate pales into insignificance. - NCLT rightly admitted application - AT....