Asset Reconstruction Company (India) Limited Vs. BishalJaiswal [LL 2021 SC 215]

In the recent NCLAT appeal of Asset Reconstruction Company (India) Limited Vs. BishalJaiswal [LL 2021 SC 215], a bench comprising Justices RF Nariman, BR Gavai, and Hrishikesh Roy observed that balance sheets can also be considered as acknowledgment for debts u/s 18 of Limitation Act, 1963.

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