{"id":4383,"date":"1940-12-18T00:00:00","date_gmt":"1940-12-17T18:06:40","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/kallam-narasareddi-and-anr-vs-thummuru-ranga-reddi-on-18-december-1940"},"modified":"2017-08-25T16:42:30","modified_gmt":"2017-08-25T11:12:30","slug":"kallam-narasareddi-and-anr-vs-thummuru-ranga-reddi-on-18-december-1940","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/kallam-narasareddi-and-anr-vs-thummuru-ranga-reddi-on-18-december-1940","title":{"rendered":"Kallam Narasareddi And Anr. vs Thummuru Ranga Reddi on 18 December, 1940"},"content":{"rendered":"<div class=\"docsource_main\">Madras High Court<\/div>\n<div class=\"doc_title\">Kallam Narasareddi And Anr. vs Thummuru Ranga Reddi on 18 December, 1940<\/div>\n<div class=\"doc_citations\">Equivalent citations: (1941) 1 MLJ 216<\/div>\n<div class=\"doc_author\">Author: Wadsworth<\/div>\n<\/p>\n<pre><\/pre>\n<p>JUDGMENT<\/p>\n<p> Wadsworth, J.<\/p>\n<p>1. On 1st July, 1933, the petitioner executed the suit promissory note for Rs. 391-15-1 which was in renewal of an earlier promissory note for Rs. 255-15-0. On 4th September, 1934, the petitioner made a payment of Rs. 26-5-2 towards the interest and Rs. 110-2-10 towards the principal of the suit promissory note. The plaint was filed on 4th September, 1937. On the basis of the Bench decisions, the appropriations made on 4th September, 1934 cannot be undone. The result is that as on this date the principal of the suit note is reduced to Rs. 281-12-3. This principal is made up of Rs. 255-15-0 being the principal originally advanced and Rs. 25-13-3 interest. Under Section 8(explanation) of Act IV of 1938 the principal of the renewed promissory note will be Rs. 255-15-0 and the interest outstanding on 1st October, 1937, will be cancelled. It is not possible for the defendants to prove either that the appropriation towards the principal of the suit note was really towards that portion of the principal which consisted of the original principal, or that there was a sum in excess of Rs. 25-13-3 and subsequent interest outstanding towards interest as on 1st October, 1937. The decision of the lower Court is correct and the revision petition is dismissed with costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Madras High Court Kallam Narasareddi And Anr. vs Thummuru Ranga Reddi on 18 December, 1940 Equivalent citations: (1941) 1 MLJ 216 Author: Wadsworth JUDGMENT Wadsworth, J. 1. On 1st July, 1933, the petitioner executed the suit promissory note for Rs. 391-15-1 which was in renewal of an earlier promissory note for Rs. 255-15-0. On 4th [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-4383","post","type-post","status-publish","format-standard","hentry","category-high-court","category-madras-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kallam Narasareddi And Anr. vs Thummuru Ranga Reddi on 18 December, 1940 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/kallam-narasareddi-and-anr-vs-thummuru-ranga-reddi-on-18-december-1940\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kallam Narasareddi And Anr. vs Thummuru Ranga Reddi on 18 December, 1940 - Free Judgements of Supreme Court &amp; 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