M.M.KUMAR
Today Stationers And Gift Centres – Appellant
Versus
Allahabad Bank – Respondent
1. This petition filed u/S. 115 of the Code of Civil Procedure, 1908 (for brevity, the Code), is directed against the order dated June 7, 1991 passed by the Sub-Judge Ist Class, Chandigarh, holding that the suit filed by the plaintiff-respondent against the defendant-petitioners is within the period of limitation after treating the issue with regard to limitation as a preliminary issue.
2. The facts of the case in brief are that the plaintiff-respondent filed a Civil Suit No. 409 on August 10, 1990, seeking recovery of Rs. 32,399.30 as principal sum including interest calculated up to February 28, 1989. The plaintiff-respondent alleged that the defendant-petitioners obtained facility of overdraft by pledging FDR worth Rs. 20,000/- and on January 4, 1984 a loan of Rs. 15,000/- was given to the defendant-petitioners by the plaintiff-respondent. Defendant-petitioners became irregular in making repayment of overdraft amount. The plaintiff-respondent issued several notices duly acknowledged by the defendant- petitioners. They continued making payment of overdraft amount from time to time, but thereafter, the defendant-petitioners failed to liquidate their overdraft loan amount.
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