Creditor Name Not Mandatory for Debt Acknowledgment in Balance Sheets: SC

Vidyasagar Prasad Vs UCO Bank & Anr. (Supreme Court of India) Whether unequivocal acknowledgement of debt by the Corporate Debtor in the entries of the balance sheets i.e. specific name of creditor in the balance sheet is required or not for the purpose of determination of limitation in terms of Section 18 of Limitation Act ? Hon’ble Supreme Court of India recently in the case of Vidyasagar Prasad V/s UCO Bank & Anr. (Civil Appeal No. 1031 of 2022) dealt with following important question; Whether unequivocal acknowledgement of debt by the Corporate Debtor in the entries of the ba...