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Def.
Lex-O-Pedia
What Are a Borrower's Rights When an NBFC or Digital Lender Recalls a Loan?
A loan-recall notice from a fintech NBFC is not self-executing. It must comply with the RBI Fair Practices Code, the Digital Lending Directions 2025 and the loan agreement itself. A map of the borrower's rights, defences and remedies.
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Singapore
Chuan & Company Pte Ltd v Ong Soon Huat (Ong Thiam Huat and Others, Third Parties) [2002] SGHC 284
An acknowledgement of a debt under s 26 of the Limitation Act must be an unequivocal admission of a subsisting debt at the time of the acknowledgement.
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·13 min read
In Re
case-study
Case Study: Shri Mukund Bhavan Trust and Ors v. Shrimant Chhatrapati Udayan Raje Pratapsinh Maharaj Bhonsle and Anr.
The Supreme Court in Shri Mukund Bhavan Trust v. Shrimant Chhatrapati Udayan Raje Bhonsle (2024) held that courts must confidently reject plaints under Order VII Rule 11(d) CPC if barred by limitation, stressing that clever drafting can't bypass statutory deadlines.
2025 · 13 min read
Held
Judgment