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Cheque drawn for discharge of time barred debt itself creates separate promise and becomes enforceable

February 4, 2020[2020] 113 taxmann.com 482 (Bombay)
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FEMA, BANKING & INSURANCE : Where a debt became time barred, cheque drawn for discharge of said time barred debt would create a separate promise which would become enforceable contract; said cheque could not be said to have been drawn in discharge of debt or liability not legally enforceable

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