Just a moment...

Top
Help
AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

Try Now
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Limitation Period Paused: IBC Proceedings Deemed Bona Fide, Time Exclusion Granted Under Section 14

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....HC ruled that the period from 13th March 2018 to 26th November 2019 shall be excluded in computing the limitation period for suit filing under Section 14 of Limitation Act, 1963. The court found the IBC proceedings were bona fide, noting operational creditors routinely file such proceedings due to corporate debtor's potential inability to satisfy debts. The defendant could not challenge the plaintiff's good faith in initiating IBC proceedings, and no assertion was made that such proceedings could not be maintained. The exclusion of this time period was consequently permitted, effectively extending the limitation timeline for the suit's filing.....