https://www.taxtmi.com/caselaws?id=301963 A true owner of a promissory note may sue only where the holder is joined or otherwise able to give the maker a lawful discharge; a true owner suing without the holder cannot maintain the claim. Where the holder and minor true owners sue together, the holder's capacity to discharge supports maintainability. Consideration flowing from the minors' grandfather may support their claim as heirs, notwithstanding that it did not proceed from the holder. Joining the holder and true owners does not create misjoinder where recovery is sought on the promissory note. en-us Tue, 06 Mar 1956 00:00:00 +0530 Thu, 28 Apr 2022 17:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301963 A true owner of a promissory note may sue only where the holder is joined or otherwise able to give the maker a lawful discharge; a true owner suing without the holder cannot maintain the claim. Where the holder and minor true owners sue together, the holder's capacity to discharge supports maintainability. Consideration flowing from the minors' grandfather may support their claim as heirs, notwithstanding that it did not proceed from the holder. Joining the holder and true owners does not create misjoinder where recovery is sought on the promissory note. Case-Laws Indian Laws Tue, 06 Mar 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301963