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138 N.I.Act

Querist : Anonymous (Querist) 21 April 2011 This query is : Resolved 
what should be the meaning of 'legally enforceable liability'
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Guest (Expert) 21 April 2011
Your claim against someone cannot be denied even by law, if becomes due on issue of a valid instrument by him in your favour.
Kiran Kumar (Expert) 21 April 2011
in simple language the expression is self explanatory...

legally enforceable + liability

the construction of provisions or statute may not be technical all the times...sometimes literal meaning is enough to construe the meaning...
malipeddi jaggarao (Expert) 22 April 2011
In other words a time-barred liability as per Limitation Act.

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