https://www.taxtmi.com/caselaws?id=293323 An instalment bond clause allowing the creditor, on default of one instalment, to sue for the entire balance was treated as an acceleration clause that made limitation run from the first default. The wording that the amount may be sued for did not change that legal effect, and a right to delay suit while claiming interest did not extend the statutory period. No waiver was proved or pleaded, and the payments received were not accepted as payment of overdue instalments. The suit was therefore barred by limitation, and the lower courts' decree was set aside. en-us Tue, 19 May 1925 00:00:00 +0530 Thu, 04 Feb 2021 17:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293323 An instalment bond clause allowing the creditor, on default of one instalment, to sue for the entire balance was treated as an acceleration clause that made limitation run from the first default. The wording that the amount may be sued for did not change that legal effect, and a right to delay suit while claiming interest did not extend the statutory period. No waiver was proved or pleaded, and the payments received were not accepted as payment of overdue instalments. The suit was therefore barred by limitation, and the lower courts' decree was set aside. Case-Laws Indian Laws Tue, 19 May 1925 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293323