https://www.taxtmi.com/caselaws?id=299664 The High Court of Madhya Pradesh, in a case involving a nationalized bank's suit for loan recovery, ruled in favor of the appellant. The court held that the suit was not time-barred, emphasizing the acknowledgment of liability extending the limitation period. It also validated the confirmation of balance documents covering multiple accounts and accepted certified bank statements as valid evidence under the Banker's Books Evidence Act. The court clarified that the borrower remained liable for loan repayment despite the non-receipt of a government subsidy. The judgment directed the respondents to repay the outstanding amount with interest. 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 The High Court of Madhya Pradesh, in a case involving a nationalized bank's suit for loan recovery, ruled in favor of the appellant. The court held that the suit was not time-barred, emphasizing the acknowledgment of liability extending the limitation period. It also validated the confirmation of balance documents covering multiple accounts and accepted certified bank statements as valid evidence under the Banker's Books Evidence Act. The court clarified that the borrower remained liable for loan repayment despite the non-receipt of a government subsidy. The judgment directed the respondents to repay the outstanding amount with interest. Case-Laws Indian Laws Thu, 20 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299664