Supreme Court of India
State Bank of Hyderabad v. The Joint Family of M/s. Mukundas Raja Bhagwan Das and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We hold that the suit is within limitation and the civil court and the High Court had committed grave error of law in taking the contrary view.
Judgment, page 7
From the headnote
P. Jagirdar Debt Settlement Act, 1952/Limitation Act, 1963: Sections 3, 11, 22, 25, 30, 57/Section 14--Scaling down of debt-Time taken in tlte proceedings--Whether gets excluded under s.14 of the Limitation Act and the suit filed was within the limitation period-Held: Yes. Respondents had executed a promissory note on 20.5.1953 for a sum of Rs. 37,000 in favour of the appellant-Bank with a letter to transfer the demand loan. Thereafter certain amounts were paid from time to time upto 3.9.1953 in a sum of Rs. 37,000 in favour of the appellant with a letter to transfer the demand loan. Even
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