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TMI Blog2018 (9) TMI 1958X X X X Extracts X X X X X X X X Extracts X X X X ..... pra, Adv. JUDGMENT Jayant Nath, I.A. No. 6742/2018 1. This application is filed seeking a decree on admission under Order 13A Rule 3 of the Commercial Courts, Commercial Division and Commercial Appellate Division of the High Courts Act, 2015 for a sum of Rs. 2,25,38,966/-. 2. This suit is filed for recovery of Rs. 4,86,18,363/- along with interest. 3. The learned senior counsel appearing fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stablished position that an entry made in the company's balance sheet amounts to an acknowledgement of the debt and has the effect of extending the period of limitation under section 18 of the Limitation Act, 1963. However, I may refer to only one decision of the learned single judge of this Court (Manmohan, J.) in Bhajan Singh Samra v. Wimpy International Ltd. 185 (2011) DLT 428 for the simpl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the suit till the decree. Similarly, the plaintiff shall also be entitled to simple interest @ 12% per annum from the date of decree till recovery. The plaintiff shall also be entitled to cost. 8. As far as defendant No. 2 is concerned, he is said to be a director of defendant No. 1. The learned senior counsel for the plaintiff submits that there are grave allegations against defendant No. 2 and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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