https://www.taxtmi.com/caselaws?id=193950 The court upheld the order granting the appellant leave to defend the suit upon depositing a specified amount. The appellant, who had received goods but only partially paid, raised defenses on interest rates, promissory notes, and governing law. The court modified the order, adjusted interest rates, and clarified the status of promissory notes as collateral security. Addressing the applicability of foreign law, the court emphasized proving differences from Indian law. Upholding the original order with adjustments, the judgment stressed contractual compliance and the relevance of foreign law in commercial dealings. en-us Thu, 28 Aug 2014 00:00:00 +0530 Thu, 24 Aug 2017 07:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193950 The court upheld the order granting the appellant leave to defend the suit upon depositing a specified amount. The appellant, who had received goods but only partially paid, raised defenses on interest rates, promissory notes, and governing law. The court modified the order, adjusted interest rates, and clarified the status of promissory notes as collateral security. Addressing the applicability of foreign law, the court emphasized proving differences from Indian law. Upholding the original order with adjustments, the judgment stressed contractual compliance and the relevance of foreign law in commercial dealings. Case-Laws Indian Laws Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193950