WebLatest Supreme Court Verdicts Asset Reconstruction Company (India) Limited vs. Bishal Jaiswal (Supreme Court) Under S. 18 an acknowledgement of liability signed by the party against whom the right is claimed gives rise to a fresh period of limitation. 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.

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WebApr 16, 2024 · The Supreme Court in its judgement in Asset Reconstruction Company (India) Limited v. Bishal Jaiswal & Anr. (CIVIL APPEAL NO.323 OF 2024) clarified the question of law and held that entries in the balance sheet can be taken as an acknowledgement of outstanding debt for the purpose of Section 18 of… WebAnkita Sinha’s Post Ankita Sinha Advocate - Commercial Litigation. 1y chronic ischemic bowel disease

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WebFeb 7, 2024 · According to an order in Bishal Jaiswal v Asset Reconstruction Company (India) Ltd (dated December 22, 2024), a five-member bench of the National Company … 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. WebA three-judge Bench of the Supreme Court (SC), by a common judgement in Asset Reconstruction Company (India) Limited vs. Bishal Jaiswal (15 April 2024, Civil Appeal … chronic ischemic demyelination