Acknowledgment of Debt to Save Limitation (India)
Updated 16 July 2026
This is a letter template used by a debtor to formally acknowledge an existing debt. Its primary purpose is to request an extension of time for payment while simultaneously resetting the legal limitation period for the creditor to claim the debt.
ACKNOWLEDGMENT OF DEBT TO SAVE LIMITATION
Registered A/D Dated:
From: To, Sh.______________
Sub.: ____________
Dear Sir,
I have received your letter-dated _____________
demanding Rs._____________
due from me on account of a bond dated________________
executed by me in favour of Sh. ______________________.
In this regard you are requested to grant me some more time. I shall be obliged if you will kindly wait for a further period of ________months,
within which time I shall be able to arrange for funds to pay the amount due to you.
Yours faithfully,
(Signed)____________
Address: ___________
About this template
What is this template?
Acknowledgment of Debt to Save Limitation (India) is a free, ready-to-use Commercial law template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Commercial law template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Commercial law usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.