https://www.taxtmi.com/caselaws?id=313714 A written and signed promise to pay a debt that has become time-barred is enforceable under Section 25(3) of the Indian Contract Act, 1872, even if the writing does not expressly state that the debt is barred by limitation or that the debtor knew it was so. The Court also treated the 1931 khata as a fresh promise creating a new contractual obligation, not a mere acknowledgment of an existing debt, because its language showed an intention to repay the stated sum. On that basis, the statutory requirements were satisfied and the suit was maintainable. en-us Tue, 02 Feb 1943 00:00:00 +0630 Tue, 30 Apr 2024 16:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313714 A written and signed promise to pay a debt that has become time-barred is enforceable under Section 25(3) of the Indian Contract Act, 1872, even if the writing does not expressly state that the debt is barred by limitation or that the debtor knew it was so. The Court also treated the 1931 khata as a fresh promise creating a new contractual obligation, not a mere acknowledgment of an existing debt, because its language showed an intention to repay the stated sum. On that basis, the statutory requirements were satisfied and the suit was maintainable. Case-Laws Indian Laws Tue, 02 Feb 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=313714