https://www.taxtmi.com/caselaws?id=287887 The appellate court allowed the appeal, granting the plaintiff a decree for Rs. 3,43,794 with costs and future interest at 4% per annum from the date of the suit till realization. The court found that acknowledgments in the balance sheet and letters extended the limitation period, rendering the suit timely. Defendant No. 4 was not held liable as a guarantor, and the appeal against her was dismissed without costs. The court corrected the interest calculation, awarding Rs. 81,750.10 as the correct interest amount. en-us Wed, 03 Dec 1980 00:00:00 +0530 Thu, 07 May 2020 15:16:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287887 The appellate court allowed the appeal, granting the plaintiff a decree for Rs. 3,43,794 with costs and future interest at 4% per annum from the date of the suit till realization. The court found that acknowledgments in the balance sheet and letters extended the limitation period, rendering the suit timely. Defendant No. 4 was not held liable as a guarantor, and the appeal against her was dismissed without costs. The court corrected the interest calculation, awarding Rs. 81,750.10 as the correct interest amount. Case-Laws Indian Laws Wed, 03 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287887