https://www.taxtmi.com/caselaws?id=304702 The court found the summary suit maintainable under Order XXXVII as it was based on dishonored cheques, falling within the scope of negotiable instruments. The claim of interest without a written contract was deemed permissible under section 80 of the NI Act. Conditional leave to defend was granted, with defendants required to deposit the admitted principal amount of Rs.96,03,766 as a pre-condition. The court upheld the trial court's decision, dismissing the defendants' petition and modifying the order to mandate the deposit of the entire principal amount. en-us Fri, 18 Sep 2015 00:00:00 +0530 Sat, 15 Oct 2022 17:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304702 The court found the summary suit maintainable under Order XXXVII as it was based on dishonored cheques, falling within the scope of negotiable instruments. The claim of interest without a written contract was deemed permissible under section 80 of the NI Act. Conditional leave to defend was granted, with defendants required to deposit the admitted principal amount of Rs.96,03,766 as a pre-condition. The court upheld the trial court's decision, dismissing the defendants' petition and modifying the order to mandate the deposit of the entire principal amount. Case-Laws Indian Laws Fri, 18 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304702