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    <title>1962 (11) TMI 75 - MADRAS HIGH COURT</title>
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    <description>A reply notice can amount to an acknowledgment of liability for limitation purposes where it admits a subsisting debt. Here, the defendants&#039; notice stated that an amount was due and payable under the original promissory note, which was treated as an acknowledgment under Section 19 of the Limitation Act. The alleged fresh promissory note was found not to have been executed, so the original debt remained enforceable only to the extent admitted. The acknowledgment saved limitation only for the admitted sum, not for the larger suit claim, and the decree was modified accordingly.</description>
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    <pubDate>Tue, 27 Nov 1962 00:00:00 +0530</pubDate>
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      <title>1962 (11) TMI 75 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=200466</link>
      <description>A reply notice can amount to an acknowledgment of liability for limitation purposes where it admits a subsisting debt. Here, the defendants&#039; notice stated that an amount was due and payable under the original promissory note, which was treated as an acknowledgment under Section 19 of the Limitation Act. The alleged fresh promissory note was found not to have been executed, so the original debt remained enforceable only to the extent admitted. The acknowledgment saved limitation only for the admitted sum, not for the larger suit claim, and the decree was modified accordingly.</description>
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      <pubDate>Tue, 27 Nov 1962 00:00:00 +0530</pubDate>
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