My latest article, “Section 7 of IBC and Limitation: Date of Default, Acknowledgment and Revival of Claims,” has been published on TaxGuru.
The article takes a practical look at limitation in Section 7 proceedings, with particular focus on date of default, three-year limitation, acknowledgment, part-payment, OTS/restructuring, Recovery Certificates, SARFAESI proceedings and the importance of examining the limitation timeline before filing.
Ashok Kakkar is an Advocate, Insolvency Professional registered with the IBBI, and a former senior banker based in Chandigarh, with over 40 years in banking, credit and insolvency. He holds M.Com, LL.B., LL.M. and CAIIB qualifications. His banking career covered corporate lending, large advances, credit monitoring, NPA management, recovery and fraud risk assessment; he now works on corporate insolvency resolution, forensic and financial review, and recovery matters. He is the author of the Banking & Legal Wisdom Series on Amazon and shares practical guidance on his YouTube channel, Kakkar Wisdom Hub.
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90 days
__utma
ID used to identify users and sessions
2 years after last activity
__utmt
Used to monitor number of Google Analytics server requests
10 minutes
__utmb
Used to distinguish new sessions and visits. This cookie is set when the GA.js javascript library is loaded and there is no existing __utmb cookie. The cookie is updated every time data is sent to the Google Analytics server.
30 minutes after last activity
__utmc
Used only with old Urchin versions of Google Analytics and not with GA.js. Was used to distinguish between new sessions and visits at the end of a session.
End of session (browser)
__utmz
Contains information about the traffic source or campaign that directed user to the website. The cookie is set when the GA.js javascript is loaded and updated when data is sent to the Google Anaytics server
6 months after last activity
__utmv
Contains custom information set by the web developer via the _setCustomVar method in Google Analytics. This cookie is updated every time new data is sent to the Google Analytics server.
2 years after last activity
__utmx
Used to determine whether a user is included in an A / B or Multivariate test.
18 months
_ga
ID used to identify users
2 years
_gali
Used by Google Analytics to determine which links on a page are being clicked
30 seconds
_ga_
ID used to identify users
2 years
_gid
ID used to identify users for 24 hours after last activity
24 hours
_gat
Used to monitor number of Google Analytics server requests when using Google Tag Manager
