https://www.taxtmi.com/caselaws?id=290237 The High Court allowed the appeal in a loan recovery case, setting aside the trial court's judgment. The defendant's resistance, including claims of misrepresentation and being time-barred, was considered. The High Court focused on the limitation issue, noting the suit was filed beyond the prescribed period. Emphasizing the date of acknowledgment as the starting point for limitation, the court found the trial court erred in its calculation. Consequently, the suit was dismissed solely on limitation grounds. The appellant could withdraw the deposited amount with interest, and no costs were imposed, highlighting the significance of complying with statutory provisions in legal matters. en-us Tue, 06 Jan 2004 00:00:00 +0530 Wed, 16 Sep 2020 10:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290237 The High Court allowed the appeal in a loan recovery case, setting aside the trial court's judgment. The defendant's resistance, including claims of misrepresentation and being time-barred, was considered. The High Court focused on the limitation issue, noting the suit was filed beyond the prescribed period. Emphasizing the date of acknowledgment as the starting point for limitation, the court found the trial court erred in its calculation. Consequently, the suit was dismissed solely on limitation grounds. The appellant could withdraw the deposited amount with interest, and no costs were imposed, highlighting the significance of complying with statutory provisions in legal matters. Case-Laws Indian Laws Tue, 06 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290237