acknowledgement of debt as follows:
“9. In support of the contention that the balance-sheets do not
amount to acknowledgements of liability, because they were ... Ayling J. said, “Liability can only signify
present liability at the time of acknowledgement and this is
clearly laid down in Venkata v. Parthasaradhi
valid acknowledgment are (i) an admission of acknowledgment; (ii) that such acknowledgment must be in respect of a liability in respect of a property ... date of the acknowledgment relied on by the petitioners.
(vi) 1999 (I) CTC 511 ( Sampuran Singh v. Niranjan Kaur ):-
Acknowledgment of Liability should be made
declared NPA on 01.12.2008.
(xii) Even assuming the Corporate Debtor had acknowledged liability,
the last letter of acknowledgment was written in April 2013. The
period ... bring on record
any acknowledgment in writing by the ‘Corporate Debtor’ or
its authorised person acknowledging the liability in respect of
debt. The Books
date on which the
acknowledgement was so signed. It is well settled that to amount to an
acknowledgement of liability within the meaning of Section ... acknowledgment" under Section 18 of
the Limitation Act, if it fulfils the following requirements:
(i) The acknowledgment of liability must relate to a subsisting
acknowledgment was made at the time when the acknowledgment was given ; it prescribes that if before the period of limitation expires, an acknowledgment of liability ... statement before them did amount to such an acknowledgment. An acknowledgment is in respect of a liability ; it implies that the person who acknowledges, admits
plaintiff to establish that the acknowledgment was made within the period prescribed for limitation. An acknowledgment of liability does not necessarily imply an admission that ... acknowledgment of 1878 by itself can save time. The language of the acknowledgment of 1878 shows that the mortgagees acknowledged a subsisting liability
acknowledgment in law under Section 19 ;
2. that there is a difference between an acknowledgment of debt and an acknowledgment of liability, and that ... acknowledgment in writing by the debtor and is not merely an acknowledgment of a debt but an acknowledgment of liability, and it satisfies the conditions
inferred. It was further held that an acknowledgment to be valid must be an acknowledgment of subsisting liability and the statement must be taken ... that the party is admitting his liability, that is to say, an admission of a subsisting liability. An acknowledgment of liability necessarily implies a knowledge
payment is endorsed.
...A mere acknowledgement of a payment is not in itself an acknowledgement of liability within the meaning of Section ... effect that a mere acknowledgment of a payment is not in itself an acknowledgment of liability within the meaning of Section 19 , but in that
acknowledgment was made at the time when the acknowledgment was given; it prescribes that if before the period of limitation expires an acknowledgment of liability ... such an acknowledgment. An acknowledgment means an act of admission of owning, where the acknowledgment is in respect of a liability it implies that
