State Of Kerala vs T.M. Chacko

The Supreme Court addressed whether the suit filed by the Respondent for recovery of the bid amount was barred by limitation under Article 47 of the Limitation Act, 1963. The Court held that Exhibits B-4 and A-8 constituted an acknowledgment of liability by the Appellant, thus preventing the suit from being barred by limitation. The Court affirmed the lower courts' decisions, ruling in favor of the Respondent and allowing the recovery of the bid amount.