https://www.taxtmi.com/caselaws?id=300633 Entries in a company's balance sheets can constitute a written acknowledgment of liability under Section 19 of the Limitation Act if they record the debt as subsisting and are duly signed in accordance with company law, so the suit was not barred by limitation. The court also held that interest had been wrongly awarded at 5 per cent for part of the period where the advance carried interest at 4 per cent, and the decree was modified accordingly. Instalment relief was granted for satisfaction of the decretal amount, with the attachment before judgment continued for two years to secure payment. en-us Fri, 28 Jan 1966 00:00:00 +0530 Wed, 16 Feb 2022 15:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300633 Entries in a company's balance sheets can constitute a written acknowledgment of liability under Section 19 of the Limitation Act if they record the debt as subsisting and are duly signed in accordance with company law, so the suit was not barred by limitation. The court also held that interest had been wrongly awarded at 5 per cent for part of the period where the advance carried interest at 4 per cent, and the decree was modified accordingly. Instalment relief was granted for satisfaction of the decretal amount, with the attachment before judgment continued for two years to secure payment. Case-Laws Companies Law Fri, 28 Jan 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300633