Once the amount is properly reflected in the ledger as outstanding and payable, the Statute of limitation begins on the following date
Last updated: 11 June 2022
Court :
Delhi High Court
Brief :
It is a well settled fact that once a disputed liability has shown in the financial statement of a company as outstanding, the limitation period will again begin from the date next to the date of such acknowledgement. It means that the date on which books of accounts signed by Board of Directors of the company.
Citation :
FAO(OS) (COMM) 69/2022 & CM APPL. 14275/2022
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 238
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