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2018 (7) TMI 1762 - HC - Companies LawWinding up petition - period of limitation - Held that:- For acknowledgement of a debt it must be an acknowledgment of liability in respect of such amount made in writing signed by the parties. It would be clear that what the Form-C indicates is a statutory averment which is given under the Central State Tax Act. It merely shows delivery of goods as per invoice. It cannot be termed to be an acknowledgement of debt within the meaning of Section 18 of the Limitation Act. Thus the claim which is subject matter of the present winding up petition was barred by limitation when the present winding up petition was filed. In view of the said facts the present petition has no merits and is liable to be dismissed.
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