https://www.taxtmi.com/caselaws?id=301787 In a lease for periodic rentals, default in each instalment gave rise to a separate cause of action on the due date, so limitation ran separately for each unpaid instalment and the residual limitation article applied. Amounts falling due more than three years before suit were time-barred, while later rentals remained recoverable; the decree was therefore reduced to exclude barred sums. The court also accepted delivery and installation of the equipment on the lessee's premises, relying on documentary evidence and drawing an adverse inference from the appellant's failure to produce the best evidence in its possession. Interest was allowed on the recoverable rentals, but the contractual compound-interest stipulation was replaced with simple interest. en-us Tue, 06 Nov 2012 00:00:00 +0530 Wed, 20 Apr 2022 10:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301787 In a lease for periodic rentals, default in each instalment gave rise to a separate cause of action on the due date, so limitation ran separately for each unpaid instalment and the residual limitation article applied. Amounts falling due more than three years before suit were time-barred, while later rentals remained recoverable; the decree was therefore reduced to exclude barred sums. The court also accepted delivery and installation of the equipment on the lessee's premises, relying on documentary evidence and drawing an adverse inference from the appellant's failure to produce the best evidence in its possession. Interest was allowed on the recoverable rentals, but the contractual compound-interest stipulation was replaced with simple interest. Case-Laws Indian Laws Tue, 06 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301787