S.B.MAJAGE
ADIVELU – Appellant
Versus
NARAYANACHARI – Respondent
( 1 ) A short but an important question for consideration is; "whether an endorsement on pronote, showing part payment and extending the period of limitation, could be construed as "promise" under Section 25 (3) of the Contract Act?"
( 2 ) FACTS in brief, which gave raise to the question, are; Respondent narayanachari, who was the plaintiff in O. S. No. 201/ 00 before the court of Civil Judge (Sr. Dn) and JMFC at Bhadravathi, brought suit against one Adivelu (now deceased) stating that Adivelu borrowed a sum of Rs. 26,000/- on 20. 11. 91 and also Rs. 25,000/- on 15. 12. 91 under two different pronotes agreeing to repay the same with interest at the rate of Rs. 18% p. a. and in connection with first pronote, adivelu made part payments of Rs. 3,500/- and Rs. 3,000 on 8. 11. 94 and 18. 11. 97 respectively and, with regard to second pronote dated 15. 12. 91, he made part payment of Rs. 3,500/- on 8. 11. 94 and Rs. 4,000/- on 28. 11. 97 but not thereafter. As such, calculating the amount due under the said two pronotes, the plaintiff claimed Rs. 1,47,978/- from Adivelu showing that cause of action arose on 20. 11. 91, 15. 12. 91, 8,11. 94, 18. 11. 97 and 28. 11. 97. On
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.