https://www.taxtmi.com/caselaws?id=424068 The court held that the first and second Defendants are jointly and severally liable to pay the Plaintiff Rs.1,06,33,863/- with 9% interest per annum from 07.11.2017 till realization and Rs.3,00,000/- as costs. The judgment found the second Defendant liable under the Negotiable Instruments Act, 1882, as a principal debtor or surety, despite the absence of explicit acceptance on the bill of exchange. The Defendants' failure to honor the bill resulted in the Plaintiff suffering financial losses, leading to the court's ruling in favor of the Plaintiff. en-us Thu, 09 Jun 2022 00:00:00 +0530 Tue, 21 Jun 2022 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424068 The court held that the first and second Defendants are jointly and severally liable to pay the Plaintiff Rs.1,06,33,863/- with 9% interest per annum from 07.11.2017 till realization and Rs.3,00,000/- as costs. The judgment found the second Defendant liable under the Negotiable Instruments Act, 1882, as a principal debtor or surety, despite the absence of explicit acceptance on the bill of exchange. The Defendants' failure to honor the bill resulted in the Plaintiff suffering financial losses, leading to the court's ruling in favor of the Plaintiff. Case-Laws Indian Laws Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424068