https://www.taxtmi.com/caselaws?id=428433 The court ruled in favor of the plaintiff company in a commercial division summary suit against the defendant company for the recovery of Rs.3,31,05,384/- along with interest on the principal amount of Rs.2,35,00,000/-. The court found the plaintiff's claim substantiated by financial documents, acknowledging a remaining due amount of Rs.2,47,69,000/-. The defendant's acknowledgment of liability through audited balance-sheets and other documents satisfied the requirements of the Limitation Act, leading to the dismissal of the defendant's contention on the bar of limitation. The court passed a decree in favor of the plaintiff for the total amount claimed along with further interest and costs of the suit. en-us Mon, 29 Aug 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:38:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428433 The court ruled in favor of the plaintiff company in a commercial division summary suit against the defendant company for the recovery of Rs.3,31,05,384/- along with interest on the principal amount of Rs.2,35,00,000/-. The court found the plaintiff's claim substantiated by financial documents, acknowledging a remaining due amount of Rs.2,47,69,000/-. The defendant's acknowledgment of liability through audited balance-sheets and other documents satisfied the requirements of the Limitation Act, leading to the dismissal of the defendant's contention on the bar of limitation. The court passed a decree in favor of the plaintiff for the total amount claimed along with further interest and costs of the suit. Case-Laws Income Tax Mon, 29 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428433