https://www.taxtmi.com/caselaws?id=428406 Clear admissions in pleadings, together with cheque issuance and balance-sheet entries, can evidence a subsisting debt in a summary suit. The text explains that an acknowledged obligation to refund money need not always rest on a separate written refund agreement if the pleadings themselves disclose liability. It also notes that an audited balance-sheet entry showing advances from customers may amount to acknowledgment of liability. Where the exact refund quantum and interest remain disputed, triable issues can still arise, supporting conditional rather than unconditional leave to defend. en-us Fri, 23 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428406 Clear admissions in pleadings, together with cheque issuance and balance-sheet entries, can evidence a subsisting debt in a summary suit. The text explains that an acknowledged obligation to refund money need not always rest on a separate written refund agreement if the pleadings themselves disclose liability. It also notes that an audited balance-sheet entry showing advances from customers may amount to acknowledgment of liability. Where the exact refund quantum and interest remain disputed, triable issues can still arise, supporting conditional rather than unconditional leave to defend. Case-Laws Companies Law Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428406