Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

1959 (8) TMI 53

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ondent No. 5, and Megali Pulligadu, respondent No. 6 executed a promissory note' Ex. A-1 on 6-11-1945 promising to pay ₹ 300/- with interest at the rate of 12 per cent per annum. On 4-11-1948 they made an endorsement Ex. A1(a) on Ex. A.1 to the effect that a promissory note is executed for the sum of principal and interest for ₹ 410-4-0 due under the promissory note. The renewed promissory note, Ex. A-2 again bore the endorsement, Ex. A.2(a) by the promisors acknowledging the payment of ₹ 4/- on 2-11-1951 under Ex. A.2. 3. The petitioner brought SCS No. 500 of 1954 for recovery of ₹ 444/- towards the principal and interest due under the renewed promissory note. Respondents 1 to 5 resisted the suit. They con .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... enforceable. He also repelled the plea advanced by the petitioner that he was entitled to relief on the original cause of action as evidenced by Ex. A-l, read with Ex. A-l (a) and Ex. A-2 (a) on the ground that the suit is not based on that cause of action and that the fact that there was a part payment on Ex, A-2 did not alter the position. 5. The learned advocate for this petitioner in the first place contended that the alleged material alterations were not fatal since the petitioner had sworn that he was not responsible for it. To fortify himself he referred me to Krushanacharan Padhi v. Gourochandro Dyano Sumanto AIR 1940 Mad 62, and Gourochandro Dyano Sumanto v. Krushana-charana Padhi AIR 1941 Mad 383. The latter authority was d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ith regard to the date thereof. The period of limitation from the original date had not expired and no proof of fraud had been tendered. It was held that the bond was void as such and was not receivable in evidence to prove the debt. In this view of the matter, the first contention advanced by the learned advocate for the petitioner fails and that brings me to the consideration of the question whether the petitioner could get any relief on the original debt as evidenced by Ex. A-1 of which Ex. A-2 is admittedly a renewal. To make the matter short on this aspect of the case, I may refer to Rangaswami Reddy v. K. Doraiswami Reddi, (S) AIR1957Mad715 , which has been cited by the learned advocate for the respondents in another connection. Th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates