https://www.taxtmi.com/caselaws?id=287917 The court granted a decree in favor of the plaintiff against defendant No. 1 for the specific sum acknowledged in the balance sheet, along with interest. The court held that the entry in the balance sheet constituted an acknowledgment of debt, extending the limitation period. The plaintiff was awarded simple interest and costs. The suit against defendant No. 2, a director of defendant No. 1, continued with serious allegations, and the court scheduled a hearing for framing issues related to defendant No. 2. en-us Wed, 19 Sep 2018 00:00:00 +0530 Sat, 09 May 2020 00:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287917 The court granted a decree in favor of the plaintiff against defendant No. 1 for the specific sum acknowledged in the balance sheet, along with interest. The court held that the entry in the balance sheet constituted an acknowledgment of debt, extending the limitation period. The plaintiff was awarded simple interest and costs. The suit against defendant No. 2, a director of defendant No. 1, continued with serious allegations, and the court scheduled a hearing for framing issues related to defendant No. 2. Case-Laws Companies Law Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287917