https://www.taxtmi.com/caselaws?id=288997 The High Court of Madras held that a promise to pay an amount determined by an arbitrator in a partnership account does not constitute a debt under Section 25 of the Indian Contract Act. The court interpreted "debt" as a sum payable in relation to a money demand recoverable by action and answered the question in the negative. (1917 (1) TMI 2 - MADRAS HC) en-us Tue, 16 Jan 1917 00:00:00 +0530 Thu, 09 Jul 2020 12:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288997 The High Court of Madras held that a promise to pay an amount determined by an arbitrator in a partnership account does not constitute a debt under Section 25 of the Indian Contract Act. The court interpreted "debt" as a sum payable in relation to a money demand recoverable by action and answered the question in the negative. (1917 (1) TMI 2 - MADRAS HC) Case-Laws Indian Laws Tue, 16 Jan 1917 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288997