Recently, the Supreme Court held that entries in balance sheets could amount to an acknowledgment of debt to extend the limitation u/s 18 of the Limitation Act. A Bench headed by Hon’ble Justice RF Nariman had set aside a judgement of the Full Bench of NCLAT in V Padmakumar vs Stressed Assets Stabilization Fund where
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
