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2021 (8) TMI 812 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - non-performing asset - existence of debt and dispute or not - One time settlement - time limitation - HELD THAT:- The offer of OTS can be relied on for the purpose of considering acknowledgement under Section 18 of Limitation Act. Issue of Recovery Certificate by DRT also is relevant for the purpose of calculating limitation. Respondent Bank claims Corporate Debtor made various repayments in 2018 while making OTS offers. Repayments were made is not disputed by Appellant but argued that payments were made so that OTS proposals should be accepted. This does nomakes any difference for applicability of Section 19 of the Limitation Act. There are no merit in the appeal - appeal dismissed.
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