https://www.taxtmi.com/caselaws?id=299664 A written acknowledgment of liability signed before expiry of limitation, together with part payment made within time, renews the limitation period for recovery of a bank loan; the term loan repayable in instalments was therefore not time-barred. Certified bank ledger and account statements, supported by the statutory certificate, were admissible as prima facie evidence under the Bankers' Books Evidence Act and were accepted as reliable proof of the outstanding liability. On these grounds, the suit for recovery was maintained and the borrowers were held liable for the decretal amount, interest and costs. en-us Thu, 20 Jan 2005 00:00:00 +0530 Fri, 24 Dec 2021 16:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299664 A written acknowledgment of liability signed before expiry of limitation, together with part payment made within time, renews the limitation period for recovery of a bank loan; the term loan repayable in instalments was therefore not time-barred. Certified bank ledger and account statements, supported by the statutory certificate, were admissible as prima facie evidence under the Bankers' Books Evidence Act and were accepted as reliable proof of the outstanding liability. On these grounds, the suit for recovery was maintained and the borrowers were held liable for the decretal amount, interest and costs. Case-Laws Indian Laws Thu, 20 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299664