https://www.taxtmi.com/caselaws?id=298994 A fresh period of limitation arises only where payment or acknowledgment is proved to have been made by the person liable, or by an authorised agent, within time. Bank entries alone were insufficient to establish that disputed deposits were made by the borrower, and the bank bore the burden of proving that fact, particularly after his death. The borrower's later acknowledgment and renewal documents executed in 1992 and 1994 confirmed the outstanding liability and extended limitation. On that basis, the debt was treated as duly acknowledged within time, and the acknowledgment also bound the guarantors. The suit was therefore within limitation and the guarantors' challenge failed. en-us Fri, 08 Apr 2005 00:00:00 +0530 Tue, 30 Nov 2021 11:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298994 A fresh period of limitation arises only where payment or acknowledgment is proved to have been made by the person liable, or by an authorised agent, within time. Bank entries alone were insufficient to establish that disputed deposits were made by the borrower, and the bank bore the burden of proving that fact, particularly after his death. The borrower's later acknowledgment and renewal documents executed in 1992 and 1994 confirmed the outstanding liability and extended limitation. On that basis, the debt was treated as duly acknowledged within time, and the acknowledgment also bound the guarantors. The suit was therefore within limitation and the guarantors' challenge failed. Case-Laws Indian Laws Fri, 08 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298994