https://www.taxtmi.com/caselaws?id=301832 Bills of exchange were examined under the Indian Stamp Act, 1899, and the Court treated them as instruments governed by the Act's special stamping scheme, so adjudication and later payment of duty did not automatically remove the admissibility objection in the same manner as other instruments. It also distinguished the Stamp Act meaning of a bill payable on demand from the Negotiable Instruments Act and held that the collection terms did not change the character of the instrument. In the summary suit, the defendants raised no substantial triable issue on the transaction, receipt of goods, part payment, or balance liability, so only conditional leave to defend was warranted. Leave was granted on deposit terms, failing which further orders could follow. en-us Mon, 05 Mar 2001 00:00:00 +0530 Fri, 22 Apr 2022 17:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301832 Bills of exchange were examined under the Indian Stamp Act, 1899, and the Court treated them as instruments governed by the Act's special stamping scheme, so adjudication and later payment of duty did not automatically remove the admissibility objection in the same manner as other instruments. It also distinguished the Stamp Act meaning of a bill payable on demand from the Negotiable Instruments Act and held that the collection terms did not change the character of the instrument. In the summary suit, the defendants raised no substantial triable issue on the transaction, receipt of goods, part payment, or balance liability, so only conditional leave to defend was warranted. Leave was granted on deposit terms, failing which further orders could follow. Case-Laws Indian Laws Mon, 05 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301832