https://www.taxtmi.com/caselaws?id=286082 Supply of goods and advances were established through regular account books, ledger extracts, invoices, admitted dealings, the debtor firm's balance-sheet acknowledgment, and an adverse inference from material defence witnesses not testifying. Book entries alone could not establish liability, but corroborative evidence proved the outstanding balance. A clear, unconditional debt acknowledgment signed by a competent partner could preserve limitation and, if made after limitation expired, operate as a promise to pay a barred debt under section 25(3) of the Contract Act. Interest on advances and supplied goods was admissible at a reasonable reduced rate, with future interest confined to principal. en-us Wed, 25 Apr 1990 00:00:00 +0530 Tue, 11 Feb 2020 15:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286082 Supply of goods and advances were established through regular account books, ledger extracts, invoices, admitted dealings, the debtor firm's balance-sheet acknowledgment, and an adverse inference from material defence witnesses not testifying. Book entries alone could not establish liability, but corroborative evidence proved the outstanding balance. A clear, unconditional debt acknowledgment signed by a competent partner could preserve limitation and, if made after limitation expired, operate as a promise to pay a barred debt under section 25(3) of the Contract Act. Interest on advances and supplied goods was admissible at a reasonable reduced rate, with future interest confined to principal. Case-Laws Indian Laws Wed, 25 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286082