Various acknowledgements of debt format | Unilex

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• June 8, 2021, 8:48 a.m.

Acknowledgement is an admission of debt, made by a person to the creditor acknowledging his debt. The acknowledgement is used as a evidence of debt or to extent the period of limitation. There is no specific format of the acknowledgement; the only thing essential is the clear intention to indicate the existence of debtor-creditor relationship.

Essential requirements of an acknowledgement:-
Acknowledgement must indicate the existing liability and not a new right altogether.
It must be made before the limitation period as acknowledgment of a time barred debt could not save limitation period.
It must be in writing and signed by the party against whom the right is claimed.
It must be stamped under the article I of schedule I of the Indian Stamp Act.
There must be a intention specifically written in the acknowledgement to create the existence of relationship of debtor and creditor. Such intention could be implied also and need to be expressed in words

When debt or interest paid partly before the expiration of the prescribed period by the person liable to pay, a fresh period of limitation is computed from the time when the payment was made. The acknowledgement of a debt does not extent the period of limitation if acknowledgement is made by one of the co-debtor, it must be acknowledged by all the co-debtors.

Various formats of acknowledgement
I Hereby acknowledge that a sum of Rs……………… (Rupees……………) is due from me to shri………………………………S/o…………………………………………
R/o………………………………………………….. for vale received.                                                                                   Sd/-…………………..   S/oShri………………Date……………..                                                          Address…………………..

ANOTHER FORM OF ACKNOWLEDGMENT
I hereby acknowledge that a sum of Rs………….......(Rupees…………………..)
Is due from me onn the basic of settlement of account between the said Shri……………………………. And myself .                                                                                Sd/-……………………...
Date……………..                                                      Address………………………

ACKNOWLEDGMENT TO SAVE LIMITATION PERIOD
To
……………………………….
……………………………….
Dear sir,
I have recived your letter dated……………………….. Demanding a sum of…………………….. due from me.
2. I hereby acknowledge that the said sum of Rs …………………… is due from me on account of a bond dated ……………………executed by me in your favour.
Date…………………………..                                                    Sd/-……………….

ANOTHER FORM OF ACKNOWLEDGMENT TO SAVE LIMITATION PERIOD
TO
……………………………………..
……………………………………..
Dear Sir,
I acknowledge the debit balance in my cash credit Account B …………………………… Standing as on ………………….Rs…………………..Due from me.
                                                                                     Yours Faithfully,                                                                                ………………………………
Date………………….                                                      Address…………………….

ANOTHER FORM OF ACKNOWLEDGMENT TO SAVE LIMITATION PERIOD.
TO
………………………………..
………………………………..
Dear Sir,
This has reference to your notice dated issued on behalf of Shri ……… 
…………………. S/o…………………………… R/o…………………………………….
Demanding the payment of sum of Rs…………………………. Due on account of promissory note executed by me . You have indicated in the notice that you have been instructed to file suit against me for the recovery of the said sum, as the claim is about to be time barred.
2. I request you not to file suit for a period of six months, in which time I shall pay the entire sum to your client.
Yours Faithfully
Sd/-……………………………..
Date……………………….                                         Address…………………………

FORM OF ACKNOWLEDGMENT BY AN AGENT   
TO
………………………………….
………………………………….
 Dear Sir,
Your letter dated ……………………………… …….Demanding a sum of Rs   …………………….. has been received by shri …………………. Is facing financial   crisis due to circumstances beyond his control, he will not be able to pay the said sum to you by……………………………………..,as demanded by you.However, Shri………………………….Will try to pay some amount to you shortly. I am confident that you will bear with Shri……………. 
Yours faithfully, 
Sd/-……………………………..
Date…………………….                                             Address…………………………

FORM OF ACKNOWLEDGMENT BY AN ADVOCATE 
Shri ……………………, Advocate  
………………………………..
Dear Sir,
Please refer to you letter dated ……………………. Issued on behalf of your client Shri………………………….. S/o…………………………………………….
R/o……………………………………………………

2. I, as advocate duly authorised by Shri ……………………………… in this regard, acknowledge the liability to pay the said amount of Rs……………………
Due from my Client…...................Shri………………………………………………of……………………………………………..
Yours Faithfully,
Date……………………                                                         ………………………….

ACKNOWLEDGMENT OF PART PAYMENT
I hereby acknowledge that I have this day of………………………...,20……made
Payment of Rs………………………. In part payments of the amount borrowed by me from……………………… on a promissory note dated ……………………………
Executed by me in his favour
Date………………….                                                    Sd/-………………………….

ANOTHER FORM OF ACKNOWLEDGMENT OF PART PAYMENT
I hereby acknowledge that I have made payment of Rs………………………………
To Shri………………. ……………… Towards the debt of Rs………………………….,
Due and owned by me in bond executed by me in his favour on………………….
And acknowledge the balance due of Rs………………………….
Date…………………..                                                      Sd/-……………………….
………………………..

FORM OF ACKNOWLEDGMENT OF PART PAYMENTS OF DEBTS OF JOINT HINDU FAMILY
TO
…………………………………
…………………………………
Dear sir,

I, Shri……………………………….., Acting as the karta of joint Hindu family of shri……………………………….. Consisting of Shri…………………………………,
Acknowledge having paid to owing by the joint Hindu family, under the promissory note ……………………. executed by me.
Please acknowledge Receipt.
Date……………………..                                                        …………………………
Karta
Joint Hindu family………………………….                           

ACKNOWLEDGMENT BY ENDORSEMENT ON PROMISSORY NOTE
I have this ………………… Day of ……………………………20….. paid a sum of Rs…………………………… in part payments of the within mentioned promissory note .
Date……………………..                                                 ……………………………..
Karta
Joint Hindu Family……………………….    

ACKNOWLEDMENT BY PARTNER ON BEHALF OF THE PARTNERSHIP FIRM.
The manager
…………………….. bank
This is to acknowledge and confirm the balance of Rs……………. As on…………….. day of ……………..20………. due at the foot of the cash credit Account maintained by your bank in our firm name and the security by way of hypothecation furnished by us by deed dated ………………………………….
Executed by us in favour of the Bank
Date………..                           For and on behalf of M/s………………………………
………………………………..