https://www.taxtmi.com/caselaws?id=110759 Form C under the Central Sales Tax law evidences a sale transaction but, by itself, does not acknowledge a subsisting debt or admit a debtor-creditor relationship, so it does not save limitation. By contrast, a signed reply that asks for reconciliation of accounts, calls for documents, and reserves response pending that exercise may amount to an implied promise to pay whatever balance is found due. Such a promise can support recovery of a time-barred debt under contract principles and may justify relief despite limitation. en-us Thu, 02 Mar 2006 00:00:00 +0530 Wed, 18 Apr 2012 15:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110759 Form C under the Central Sales Tax law evidences a sale transaction but, by itself, does not acknowledge a subsisting debt or admit a debtor-creditor relationship, so it does not save limitation. By contrast, a signed reply that asks for reconciliation of accounts, calls for documents, and reserves response pending that exercise may amount to an implied promise to pay whatever balance is found due. Such a promise can support recovery of a time-barred debt under contract principles and may justify relief despite limitation. Case-Laws Companies Law Thu, 02 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110759