nature of the statement to
qualify as an acknowledgment, the necessity of an unequivocal acknowledgment of
liability and the approach to be adopted ... liability though the exact nature or the specific character
of the said liability may not be indicated in words. Words used in the
acknowledge judgment
opportunity to the
petitioners to explain such alleged admission and acknowledgement of liability. It
::: Uploaded on - 05/07/2016 ::: Downloaded on - 30/07/2016 ... thus clear that the petitioner
no.1 had admitted and acknowledged its liability towards the respondent in the
sum of atleast Rs.100 crores
does not
stop. Limitation is not extended unless there is an
acknowledgment of liability or part payment. This court in
case of Asian Electricals ... part payment
is made by the petitioner nor the petitioner has acknowledged any
liability during the subsistence of the alleged liability or otherwise.
Paragraphs
authorised sub-broker to make
any such commitment and/or acknowledge the liability on behalf of
the petitioners. It is submitted that on the perusal ... which respondent no.2
on behalf of the petitioners had acknowledged the liability and had
replaced some of the shares which were illegally sold
Limitation Act, 1963 and submitted that in view of the acknowledgment of
liability by the respondent to the claimant and in view of various part ... Minutes of the
Meeting held on 25th May, 2015 recording acknowledgment of liability by
bdp
12
comap-574.19.doc
the respondent extended period of limitation
letter dated 5-11 -2001 the company acknowledged its liability in the sum of Rs. 6,61,540.27. By a letter dated ... liability though the exact nature or the specific character of the said liability may not be indicated in words. Words used in the acknowledgement must
quest to recover
monies under these proceedings. There is no acknowledgement of liability or part
payment by the Respondent after this date ... addressed by the Respondent to
the Claimant is clearly an acknowledgement of their liability recording the events of
the meeting on 4th February
Appellant,
acknowledged the debt in the balance sheet. The application was
admitted by NCLT holding that acknowledgment of liability by the
corporate debtor ... liability though the exact nature or the specific character of the
said liability may not be indicated in words. Words used in the
acknowledgment must
Appellant,
acknowledged the debt in the balance sheet. The application was
admitted by NCLT holding that acknowledgment of liability by the
corporate debtor ... liability though the exact nature or the specific character of the
said liability may not be indicated in words. Words used in the
acknowledgment must
that the email
of 18th February, 2013 is a clear acknowledgment of liability
recording events of 4th February, 2013. He has submitted that each ... time when the acknowledgment was so signed.
25. Thus, for Section 18 to apply, there has to be an
acknowledgment of liability which must
