https://www.taxtmi.com/caselaws?id=175078 A deposit repayable on demand was held to be a "debt" within the Madras Agriculturists Relief Act, because the statutory definition was of wide import and included liabilities in cash or kind, subject only to the express exceptions. The court also held that a deposit made in court merely as security for stay of execution did not amount to satisfaction of the decree, since title to the money did not pass unconditionally to the decree-holder and the deposit was not an unconditional payment under Order 21 Rule 1 CPC. The judgment-debtors were therefore entitled to scaling down under the Act and were not barred from disputing further interest. en-us Mon, 04 Mar 1968 00:00:00 +0530 Wed, 12 Oct 2016 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175078 A deposit repayable on demand was held to be a "debt" within the Madras Agriculturists Relief Act, because the statutory definition was of wide import and included liabilities in cash or kind, subject only to the express exceptions. The court also held that a deposit made in court merely as security for stay of execution did not amount to satisfaction of the decree, since title to the money did not pass unconditionally to the decree-holder and the deposit was not an unconditional payment under Order 21 Rule 1 CPC. The judgment-debtors were therefore entitled to scaling down under the Act and were not barred from disputing further interest. Case-Laws Indian Laws Mon, 04 Mar 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175078