Supreme Court of India
K.V. Srinivasa Ayyangar v. P. N. Venkatasubramania Iyer and Others
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From the headnote
Madras Agriculturists' Relief Act (4 of 1938), s. 8 Explanarion Ill-Scope of. In 1932, the appellant renewed a promissory note executed in 1930 by his brother in favour of N, the father of the respondents, for Rs. l,000. The promissory note was renewed in 19.17, 1940 and 1944 for the principal amount logethcr with interest. ·rhc last 3 promissory notes were taken in the name of a Bank wh ·ch \Vas admittl!dly under the control of N. Jn 1946, at the instance of the appellanr, N paid off the debt due from the appcibnt to the Bank and obtained a prom•ssory note in his O\\:n f;tvour for R:-o.
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