https://www.taxtmi.com/caselaws?id=309485 The court allowed the petition, quashing both the complaint and the summoning order under Section 138 of the Negotiable Instruments Act, 1881. The judgment was based on the lack of acknowledgment of the debt within the limitation period, rendering the complaint unsustainable. The court emphasized the importance of acknowledgment within the limitation period for debt recovery, stating that it renews liability and provides a fresh limitation period. The court concluded that the cheque issued in 2018 did not constitute a valid acknowledgment for the debt from 2011, leading to the quashing of the complaint and summoning order. en-us Wed, 15 Jan 2020 00:00:00 +0530 Wed, 06 Sep 2023 08:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309485 The court allowed the petition, quashing both the complaint and the summoning order under Section 138 of the Negotiable Instruments Act, 1881. The judgment was based on the lack of acknowledgment of the debt within the limitation period, rendering the complaint unsustainable. The court emphasized the importance of acknowledgment within the limitation period for debt recovery, stating that it renews liability and provides a fresh limitation period. The court concluded that the cheque issued in 2018 did not constitute a valid acknowledgment for the debt from 2011, leading to the quashing of the complaint and summoning order. Case-Laws Indian Laws Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309485