https://www.taxtmi.com/caselaws?id=175745 A summary suit under Order 37 was treated as maintainable where the defendant's balance sheets, correspondence and a memorandum of understanding recorded an admitted and ascertainable liability, making the claim a debt or liquidated demand founded on written material. The objection under the Punjab Registration of Money Lenders' Act failed because there was no material showing that the plaintiff was carrying on money-lending as a business. Limitation was held to run from successive written acknowledgments, including balance sheets, a letter certifying the outstanding loan, the memorandum of understanding and part-payments or cheques within time. With no credible statutory bar or bona fide defence shown, no triable issue was disclosed for leave to defend. en-us Mon, 30 Apr 2007 00:00:00 +0530 Tue, 23 Jan 2024 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175745 A summary suit under Order 37 was treated as maintainable where the defendant's balance sheets, correspondence and a memorandum of understanding recorded an admitted and ascertainable liability, making the claim a debt or liquidated demand founded on written material. The objection under the Punjab Registration of Money Lenders' Act failed because there was no material showing that the plaintiff was carrying on money-lending as a business. Limitation was held to run from successive written acknowledgments, including balance sheets, a letter certifying the outstanding loan, the memorandum of understanding and part-payments or cheques within time. With no credible statutory bar or bona fide defence shown, no triable issue was disclosed for leave to defend. Case-Laws Indian Laws Mon, 30 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175745