https://www.taxtmi.com/caselaws?id=168097 Order XVII Rules 2 and 3 were construed to mean that when a party's counsel appears on an adjourned date and seeks adjournment, the party is deemed present; if the party then defaults in doing the act for which time was granted, the court may proceed to decide the suit on merits. The decision also states that a loan secured by pledged shares does not, by itself, limit recovery only to the shares where the borrower remains personally bound to repay with interest. On the facts noted, the suit was treated as within limitation and territorial jurisdiction was found at Gonda because part of the cause of action arose there. en-us Tue, 21 May 1985 00:00:00 +0530 Wed, 07 Jan 2015 12:04:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168097 Order XVII Rules 2 and 3 were construed to mean that when a party's counsel appears on an adjourned date and seeks adjournment, the party is deemed present; if the party then defaults in doing the act for which time was granted, the court may proceed to decide the suit on merits. The decision also states that a loan secured by pledged shares does not, by itself, limit recovery only to the shares where the borrower remains personally bound to repay with interest. On the facts noted, the suit was treated as within limitation and territorial jurisdiction was found at Gonda because part of the cause of action arose there. Case-Laws Indian Laws Tue, 21 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168097