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N.Damodaram Naidu (Head Master)     27 September 2013

Legally enforceable debt

Dear sirs,

What is the meaning of legally enforceable debt? Is a hand loan without any documentary evidence a legally enforceable debt?



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 3 Replies

santhosh.g. (advocate)     28 September 2013

 legally enforceable dept is  a dept enforceable by law that is the dept which is not forbidden by the law and it is within the period of limitation as per the limitation act. a hand loan with in the period of limitation is a legally enforceable dept. there is no need of further evidence regarding the existance of dept except the cheque issued. cheque issued is a valid document and to rebutt the existance of  legally  enforciable dept the accused have to produce the documents or proof for.

Sudhir Kumar, Advocate (Advocate)     29 September 2013

repeated https://www.lawyersclubindia.com/forum/details.asp?mod_id=89503&offset=1#.UkeIu3_Qzmk

Sudhir Kumar, Advocate (Advocate)     29 September 2013

also repeated

 

https://www.lawyersclubindia.com/experts/guarantee-for-chit-amount-425886.asp


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