Cheques Issued for Time-Barred Debt – Legal Enforceability
Introduction: Revival of Time-Barred Debt via Cheque The Delhi High Court has observed in this case that that presenting a cheque for a time-barred debt effectively revives the debt under Section 25(3) of the Indian Contract Act, 1872 (ICA). The Court emphasized that the furnishing of a cheque itself serves as an acknowledgment of liability. […]
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