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Liability on debtor wasn’t barred by limitation when there was subsisting liability on day of filing of plea

June 27, 2020[2020] 117 154 (NCL-AT)

IBC : Where corporate debtor issued various acknowledgement letters and one-time settlement proposals for full and final settlement, corporate debtor admitted jural relationship of debtor-creditor with financial creditor and since there was subsisting liability on corporate debtor on day of filling of CIRP application, same was not barred by limitation

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