1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Just a moment...
1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Arbitration award not considered debt under Indian Contract Act. Interpretation of 'debt' clarified.</h1> The High Court of Madras held that a promise to pay an amount determined by an arbitrator in a partnership account does not constitute a debt under ... - The High Court of Madras ruled that a promise to pay an amount determined by an arbitrator in a partnership account is not considered a debt under Section 25 of the Indian Contract Act. The court referred to the ordinary meaning of 'debt' as a sum payable in respect of a money demand recoverable by action. The question was answered in the negative. (Case citation: 1917 (1) TMI 2 - MADRAS HIGH COURT)