Tuesday, February 4, 2020

Cheque drawn for discharge of time barred debt itself creates separate promise and becomes enforceable

FEMA, BANKING & INSURANCE : Where a debt became time barred, cheque drawn for discharge of said time barred debt would create a separate promise which would become enforceable contract; said cheque could not be said to have been drawn in discharge of debt or liability not legally enforceable

from www.taxmann.com Latest Case Laws https://ift.tt/2tvk8TA
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