https://www.taxtmi.com/caselaws?id=296591 A recovery claim based on exchanged letters was treated as a suit on a written contract within Order XXXVII CPC, and the defendant's balance sheet admission of the outstanding loan was treated as an acknowledgment of liability. On that basis, the defence was considered weak and untenable, so leave to defend was refused. The absence of a separate agreement fixing the rate of interest did not bar an award of interest in the summary suit, and the grant of interest was sustained. The appeal therefore failed and the decree for recovery with interest was maintained. en-us Fri, 27 Sep 2013 00:00:00 +0530 Thu, 29 Jul 2021 14:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296591 A recovery claim based on exchanged letters was treated as a suit on a written contract within Order XXXVII CPC, and the defendant's balance sheet admission of the outstanding loan was treated as an acknowledgment of liability. On that basis, the defence was considered weak and untenable, so leave to defend was refused. The absence of a separate agreement fixing the rate of interest did not bar an award of interest in the summary suit, and the grant of interest was sustained. The appeal therefore failed and the decree for recovery with interest was maintained. Case-Laws Indian Laws Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296591