Balance Sheet entry amounts to acknowledgment of debt as per Section 18 of the Limitation Act: SC

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.

Click to Subscribe

If you are already a VIP Member, Click to Login Now

Law Trend
Law Trend
Legal News Website Providing Latest Judgments of Supreme Court and High Court

Related Articles

Latest Articles