https://www.taxtmi.com/caselaws?id=457587 An unstamped promissory note, without clear pleadings of execution or corroborating bank records and repayment evidence, was treated as insufficient to prove the alleged loan transaction. The court also noted that cheque transactions do not extend limitation unless their presentation and dishonour are satisfactorily proved as an acknowledgment of liability. On the facts, the money claim remained unproved, the alleged liability was not established, and the suit was held to be time-barred because no valid acknowledgment or other saving basis was shown. en-us Tue, 04 Jan 2022 00:00:00 +0530 Mon, 23 Sep 2024 20:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457587 An unstamped promissory note, without clear pleadings of execution or corroborating bank records and repayment evidence, was treated as insufficient to prove the alleged loan transaction. The court also noted that cheque transactions do not extend limitation unless their presentation and dishonour are satisfactorily proved as an acknowledgment of liability. On the facts, the money claim remained unproved, the alleged liability was not established, and the suit was held to be time-barred because no valid acknowledgment or other saving basis was shown. Case-Laws Indian Laws Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457587