https://www.taxtmi.com/caselaws?id=300276 A suit for recovery of the price of goods sold and delivered is governed by Article 14 of the Limitation Act, with time running from delivery unless limitation is extended by a valid acknowledgment or payment. A cheque issued towards an admitted liability may operate as an acknowledgment, and limitation effect is taken from the date the cheque is drawn, not from the date it is later presented or dishonoured. Treating dishonour as the operative date would wrongly postpone the statutory effect of acknowledgment beyond when it was made. On that basis, the suits were time-barred. en-us Tue, 03 May 2016 00:00:00 +0530 Thu, 20 Jan 2022 20:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300276 A suit for recovery of the price of goods sold and delivered is governed by Article 14 of the Limitation Act, with time running from delivery unless limitation is extended by a valid acknowledgment or payment. A cheque issued towards an admitted liability may operate as an acknowledgment, and limitation effect is taken from the date the cheque is drawn, not from the date it is later presented or dishonoured. Treating dishonour as the operative date would wrongly postpone the statutory effect of acknowledgment beyond when it was made. On that basis, the suits were time-barred. Case-Laws Indian Laws Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300276