Advocate Sushila
SUPREME COURT REITERATES THAT ACKNOWLEDGEMENT OF LIABILITY HAS THE EFFECT OF EXTENDING LIMITATION PERIOD
Advocate Sushila Ram 18 Apr 2021

SUPREME COURT REITERATES THAT ACKNOWLEDGEMENT OF LIABILITY HAS THE EFFECT OF EXTENDING LIMITATION PERIOD

The #SupremeCourt has in a recent case of Asset Reconstruction Company (India) Limited vs Bishal Jaiswal and Anr. passed a Judgment dated 15-04-2021 and reiterated that #acknowledgement of #liability/#debt has the effect of commencing a fresh period of #limitation under Section 18 of the Limitation Act 1963 and such acknowledgement must be contained in a document addressed to the creditor.


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-reiterates-that-acknowledgement-of-liability-has-the-effect-of-extending-limitation-period/


#limitation #liability #acknowledge #creditor #debtor #ibc #supremecourt

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