https://www.taxtmi.com/caselaws?id=290597 A partnership firm is a compendious name for its partners rather than a separate legal person. A suit on a promissory note or underlying loan remains maintainable where the note-holder joins as a plaintiff in an individual capacity and can give the maker a valid discharge; the Negotiable Instruments Act provision concerning payment to the holder does not absolutely bar the real owner from suing in those circumstances. Where repayment is agreed after a stated period, limitation for the loan claim runs from breach of that repayment agreement rather than from the date of advance, keeping the claim within time if timely brought after breach. en-us Wed, 13 Jul 1927 00:00:00 +0530 Tue, 06 Oct 2020 16:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290597 A partnership firm is a compendious name for its partners rather than a separate legal person. A suit on a promissory note or underlying loan remains maintainable where the note-holder joins as a plaintiff in an individual capacity and can give the maker a valid discharge; the Negotiable Instruments Act provision concerning payment to the holder does not absolutely bar the real owner from suing in those circumstances. Where repayment is agreed after a stated period, limitation for the loan claim runs from breach of that repayment agreement rather than from the date of advance, keeping the claim within time if timely brought after breach. Case-Laws Indian Laws Wed, 13 Jul 1927 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290597