Whether an entry made in a Balance Sheet of a Corporate dDebtor would amount to an acknowledgement of liability under Section 18 of the Limitation Act, 1963 – Asset Reconstruction Company (India) Ltd. Vs. Bishal Jaiswal and Anr. – Supreme Court

Hon’ble Supreme Court set aside several judgments of NCLAT and one judgment of Calcutta High Court and held that an entry made in a balance sheet of a corporate debtor is amount to an acknowledgement of liability under Section 18 of the Limitation Act.

Whether an entry made in a Balance Sheet of a Corporate dDebtor would amount to an acknowledgement of liability under Section 18 of the Limitation Act, 1963 – Asset Reconstruction Company (India) Ltd. Vs. Bishal Jaiswal and Anr. – Supreme Court Read Post »