Supreme Court · 2024 INSC 810 · Decided 22 October 2024
Vidyasagar Prasad v. Uco Bank & ANR.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 810 · [2024] 10 S.C.R. 1462
- Case number
- CIVIL APPEAL No. 1031/2022
- Decided
- 22 October 2024
- Bench
- PAMIDIGHANTAM SRI NARASIMHA, SANDEEP MEHTA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 18, 238A; IBC Section 238A, 3; SARFAESI Act
Headnote
Whether specific and clear acknowledgement of debt by the Corporate Debtor in its balance sheet is necessary while considering limitation under Section 18 of the Limitation Act, 1963. Insolvency and Bankruptcy Code, 2016 - s.238A - s.18 of acknowledge of debt in the balance sheet entries necessary while computing limitation u/s.18 Limitation Act r/w s.238A of the IBC: Held: It was contended by the Appellant that there is no unequivocal, unambiguous and specific acknowledgement of debt owed to Respondent - Financial Creditor
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