https://www.taxtmi.com/caselaws?id=273908 A loan advanced without a fixed date of repayment is treated as repayable on demand, so limitation runs from the first pleaded demand rather than from the dates of disbursement or related receipts. On the facts stated, the legal notice dated 14.12.2001 was the first demand, and the suit filed on 8.2.2002 was within the three-year residuary period under Article 113 of the Limitation Act, 1963. The claim was therefore not time-barred, and the appellate court set aside the dismissal and decreed recovery with interest and costs. en-us Fri, 02 Mar 2012 00:00:00 +0530 Thu, 19 Jul 2018 16:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273908 A loan advanced without a fixed date of repayment is treated as repayable on demand, so limitation runs from the first pleaded demand rather than from the dates of disbursement or related receipts. On the facts stated, the legal notice dated 14.12.2001 was the first demand, and the suit filed on 8.2.2002 was within the three-year residuary period under Article 113 of the Limitation Act, 1963. The claim was therefore not time-barred, and the appellate court set aside the dismissal and decreed recovery with interest and costs. Case-Laws Indian Laws Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273908