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Tag Archive for "acknowledgement-of-debt" -

CentrikBlogsAcknowledgement of Debt

Tag: Acknowledgement of Debt

Entries in balance sheet amounts to acknowledgement of debts

Posted by Adv. AarshiPosted on November 22, 2021November 24, 20210 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, Grievance Redressal, Insolvency & Bankruptcy Code 2016Tags Acknowledgement of Debt, acknowledgement of debt in balance sheet, acknowledgement of debt under IBC, acknowledgement of debt under Limitation Act, Appeals before the Adjudicating Authority, balance sheet entries acknowledgement of Debt, balance sheet of the Corporate Debtor, Filling a Balance Sheet, Proceedings before the Adjudicating Authority, proceedings before the NCLT

The Supreme Court overturn decision of the a 5-Judge Bench order of the NCLAT that balance sheet entries do not amount to the acknowledgment of a debt and thus do not extend limitation under Section 18.

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