https://www.taxtmi.com/caselaws?id=155627 A written acknowledgment and settlement agreement can support a summary suit under Order XXXVII where the claim arises from a written contract and the suit is filed within limitation. A bare allegation of loss, unsupported by particulars or documents, does not amount to a bona fide substantial defence for leave to defend. On the admitted liability under the rescheduled repayment terms, the debtor remains bound by the principal obligation, and contractual interest applies on breach according to the agreement from the date of suit until realization, with costs and joint and several liability as stipulated. en-us Fri, 28 Jul 2006 00:00:00 +0530 Fri, 06 Sep 2013 10:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155627 A written acknowledgment and settlement agreement can support a summary suit under Order XXXVII where the claim arises from a written contract and the suit is filed within limitation. A bare allegation of loss, unsupported by particulars or documents, does not amount to a bona fide substantial defence for leave to defend. On the admitted liability under the rescheduled repayment terms, the debtor remains bound by the principal obligation, and contractual interest applies on breach according to the agreement from the date of suit until realization, with costs and joint and several liability as stipulated. Case-Laws Companies Law Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155627