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Letters Patent Appeal No. 10 of 1968, decided on 19th January, 1980.
‑‑ Ss. 20 ac 87‑Inchoate stamped instruments‑1) rectors and employees of appellant‑Company (principal debtors on its behalf and on their own behalf, executing promissory notes leaving spaces denoting date of execution as well as amount blank‑Documents collateral security for overdraft facilities to appellant (principal debtor) ‑Pronotes delivered on 2nd December, 1961 blanks filled up on 8th April, 1963‑Contention as to documents having been rendered void, held, overlooks provisions of S. 20 and therefore without substance.
Tribunal v. Sahu A I R 1919 L B 45 ref.
K. M. Basappa and another v. Patel Marvu A I R 1951 Mys. 102 distinguished.
‑‑ O. XXXVII‑Suits on negotiable instruments‑Summary proce dure‑Debts of account holder in Bank‑Never static on account of addition of interest‑Mere addition of interest, held, does not convert suit based on negotiable instruments into suit for accounts if instrument itself provides for payment of interest.
Z. U. Ahmed for Appellant. Fakhruddin Farooqui for Respondent.
Dates of hearing : 9th and 17th September, 1979.
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