ACKNOWLEDGMENT OF DEBT TO SAVE LIMITATION
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.