Supreme Court rules balance sheets can amount to acknowledgment of debts under Section 18 of Limitation Act

Great relief for Bankers as they had to keep limitation live by running after the defaulters and defaulters used to avoid and evade signing the BC for wrong motives The Supreme Court on Thursday ruled that balance sheets can amount to acknowledgment of debt under Section 18 of the Limitation Act
— Read on www.barandbench.com/news/litigation/supreme-court-v-padmakumar-nclat-balance-sheet-acknowledgment-of-debt