WebAsset Reconstruction Company (India) Limited vs. Bishal Jaiswal (Supreme Court) Limitation Act: The principle of s. 9 of the Limitation Act, namely, that when time begins to run, it cannot be halted, except by a process known to law, has to be strictly adhered to. S. 18 of the Limitation Act, which extends the period of limitation depending ... WebBishal Jaiswal, a suspended director of Corporate Power Ltd. He relied upon the majority opinion in judgment passed by NCLAT in the matter of V. Padmakumar v. Stressed Assets Stabilization Fund (SASF) & Anr1, wherein it was held that the entries in a Balance Sheet do not amount to an acknowledgment of debt in terms of Section 18 of Limitation Act.
Acknowledgement of debt in balance sheet & limitation : …
WebBench of this Court in Asset Reconstruction Company (India) Limited v Bishal Jaiswal and Another 12 , where Justice R F Nariman, speaking for the Bench, held: “46. WebSep 26, 2024 · While hearing an appeal petition in the case of Bishal Jaiswal Vs Asset Reconstruction Company (India) Ltd & Anr (Company Appeal (AT ... There is consistent view of the Hon’ble Supreme Court and High Courts that the entries in the Balance Sheet of the Company be treated as an acknowledgement of debt for the purpose of Section 18 of … df14-2s-1.25c 10
Acknowledgement of Debt in the Books of the Company …
WebApr 19, 2024 · This honorable judgement was passed by the Supreme Court of India in the case of Asset Reconstruction Company (India) vs. Bishal Jaiswal & Anr. ... be said that the Calcutta High Court wrongly exercised jurisdiction in setting aside this finding. However, the High Court then went on to refer to certain balance sheets that had been produced ... WebThe Supreme Court in its aforesaid decision, has quoted an extract from its decision in Saraswati Industrial Syndicate Ltd. Vs. CIT8. ... Asset Reconstruction Company (India) Limited vs. Bishal Jaiswal (Supreme Court) Recent Comments. Article on ADIT vs. E-Funds IT Solution Inc (Supreme Court) Sejal on Maria Fernandes Cheryl vs. ITO (ITAT … WebThe Judgement of the Supreme Court arose out of an appeal filed against the judgement by the five judge bench of the NCLAT in Bishal Jaiswal v. Asset Reconstruction … df14-20s-1.25c 10