MOOL CHAND Vs. SHANKAR DATTA

JUDGEMENT

(1.) THIS is a revision application against an order of the Civil Judge, Bhilwara, holding that the two Hundis in suit are not sufficiently stamped.

(2.) ONE Hundi was executed on Baishak Bad 7, S. 2017. It was payable on Jeth Bad 7, S. 2017. The other Hundi was executed on Baishak Bad 13, S. 2017 and was payable on Jeth Bad 13, S. 2017. The contention on behalf of the plaintiffs-applicants before the learned Civil Judge was that these Hundis are bills of exchange as defined under sec 2 (2) of the Stamp Act and are payable on demand and so they are not liable to any stamp duty. The learned Civil Judge however was of the opinion that as they were payable on a stated period they cannot be held to be payable on a demand.