7. Respondent filed a suit for recovery of money lent and advanced.
8. Money that the respondent lent to the appellant was Rs.
50,00,000/-. It was so done on real time gross settlement
(RTGS) transfer through bank account on July 2, 2016. Money
went into the bank account of the appellant from the
respondent.
9. Respondent as the plaintiff claims that the appellant paid
interest till March 31, 2018. In response to such claim, the case
of the appellant is that, the entire loan amount stood repaid.
2026:CHC-OS:114-DB
10. This stand of the appellant that, entire loan amount stood
repaid, by itself, amounts to an admission of receipt of the loan.
There is no document of repayment excepting the respondent
acknowledging receipt of interest payment on March 31, 2018.
These facts establish that the suit is within the period of
limitation. Suit was filed in 2020. Therefore, the suit cannot be
said to be barred by limitation.
