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    <title>1980 (11) TMI 175 - DELHI HIGH COURT</title>
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    <description>Section 25(3) of the Indian Contract Act permits enforcement of a time-barred debt only where the debtor has made an express, signed written promise to pay it wholly or partly. Read with Section 9, the promise must be clear from the writing itself; a mere acknowledgment of liability or language implying a promise is insufficient. An endorsement accepting a promissory note and stating its validity for a further period, without an explicit undertaking to pay or a fresh promise for the barred amount, does not satisfy this requirement. The suit based on that endorsement was therefore dismissed.</description>
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      <title>1980 (11) TMI 175 - DELHI HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=304252</link>
      <description>Section 25(3) of the Indian Contract Act permits enforcement of a time-barred debt only where the debtor has made an express, signed written promise to pay it wholly or partly. Read with Section 9, the promise must be clear from the writing itself; a mere acknowledgment of liability or language implying a promise is insufficient. An endorsement accepting a promissory note and stating its validity for a further period, without an explicit undertaking to pay or a fresh promise for the barred amount, does not satisfy this requirement. The suit based on that endorsement was therefore dismissed.</description>
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      <pubDate>Thu, 13 Nov 1980 00:00:00 +0530</pubDate>
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