https://www.taxtmi.com/caselaws?id=199106 The Limitation Act was held not to permit exclusion of time by analogy under Section 15(1) where execution had not been stayed by injunction or order, and a composition arrangement accepted in insolvency did not create such a stay. The period spent by trustees in realising and distributing composition assets therefore could not save limitation for execution. The letter of 19 April 1949 also did not amount to an acknowledgment under Section 19, because an acknowledgment must concern the maker's own subsisting liability and jural relationship; a reference to obligations resting on another person was insufficient. On both grounds, the execution applications remained time-barred. en-us Thu, 07 Mar 1963 00:00:00 +0530 Tue, 20 Feb 2018 14:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199106 The Limitation Act was held not to permit exclusion of time by analogy under Section 15(1) where execution had not been stayed by injunction or order, and a composition arrangement accepted in insolvency did not create such a stay. The period spent by trustees in realising and distributing composition assets therefore could not save limitation for execution. The letter of 19 April 1949 also did not amount to an acknowledgment under Section 19, because an acknowledgment must concern the maker's own subsisting liability and jural relationship; a reference to obligations resting on another person was insufficient. On both grounds, the execution applications remained time-barred. Case-Laws Indian Laws Thu, 07 Mar 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199106