Acknowledgement of liability by Corporate Debtor through Email not valid, cannot Extend Period of limitation: NCLAT

Acknowledgement of liability by Corporate Debtor - Acknowledgement of liability - Corporate Debtor - Corporate Debtor through Email not valid - Email - Extend Period of limitation - NCLAT - taxscan

The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) has held that Acknowledgment of liability by a Corporate Debtor (CD) through Email is not valid and cannot extend the period of limitation. M/s. G.L. Shoes, the appellant who is an operational creditor challenged the Impugned Order whereby the Adjudicating Authority has dismissed the…

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