5 promissory notes

dear experts
A person executed 5 promissor
notes infavor X
1 is on 13.04.2017 for rs.200000
2.is on 23.5.2017 for rs 100000
3.is on 21.06.2017 for rs 75000
4. is on 15. 07.2017for rs60000
5.is on 3.08.2017 for rs 100000 for security purpose
can that person file a ONE suit on the above promisery notes or on how many promisery a suit can file. kindly advice on this.
Thanq very much in advance

Reply Follow

2 Replies

manohar 17 March 2020

Limitation period of promisery note is three years.Hence person can not file one suit for all 5 promise notes obtained in different dates.

Mp Krishnaiah 20 March 2020

Dear experts
there is a ruling read by me some where one can not file a case on more than 3 cheques under section 138 .hence i expressed my doubt.
THANQ.