https://www.taxtmi.com/caselaws?id=289784 The court quashed the proceeding in C.C.No.250 of 2011 under Section 138 r/w Section 142 of the Negotiable Instruments Act, 1881. It determined that the debts were time-barred before the cheque issuance on 01.02.2011, rendering them unenforceable. The court found no distinct promise in writing to pay the time-barred debt, as required under Section 25(3) of the Indian Contract Act, 1872. Consequently, the cheque did not relate to a legally enforceable debt, and the complaint was deemed legally unsustainable. The decision was informed by relevant legal provisions and precedents. en-us Wed, 25 Jul 2012 00:00:00 +0530 Fri, 12 Jan 2024 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289784 The court quashed the proceeding in C.C.No.250 of 2011 under Section 138 r/w Section 142 of the Negotiable Instruments Act, 1881. It determined that the debts were time-barred before the cheque issuance on 01.02.2011, rendering them unenforceable. The court found no distinct promise in writing to pay the time-barred debt, as required under Section 25(3) of the Indian Contract Act, 1872. Consequently, the cheque did not relate to a legally enforceable debt, and the complaint was deemed legally unsustainable. The decision was informed by relevant legal provisions and precedents. Case-Laws Indian Laws Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289784