TMI BlogInitiation of CIRP - Period of limitation -acknowledgement of debts in the Balance Sheet - the...Initiation of CIRP - Period of limitation -acknowledgement of debts in the Balance Sheet - the acknowledgement in Balance Sheet for FY 2016-17, relied upon by the Financial Creditor, is unequivocal and crystallizes the issue of ‘acknowledgement of debt’ as defined under Section 18 of the Limitation Act, 1963 - this Tribunal is of the earnest view that the Application filed under Section 7 of the Code is well within the period of Limitation. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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