Case Law Analysis
|Madras High Court
Section 18 Limitation Act | Acknowledgment of Liability in Third-Party Minutes Extends Limitation Period : Madras HC Restores Rs. 1.21 Crore Arbitral Award
Madras HC ruled that an acknowledgment of liability recorded in meeting minutes-even if addressed to a third party-qualifies as a valid acknowledgment under Section 18 of the Limitation Act, extending the limitation period. The Court restored an arbitral award of Rs. 1.21 crore, rejecting claims of patent illegality and emphasizing that written acknowledgment need not be directed to the creditor to be effective.