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Supreme Court Upholds Creditor's Full Decree, Clarifying 'Same Creditor' Requirement Under Madras Agriculturists' Relief Act. Renewal of Promissory Note in Favour of Bank Controlled by Original Creditor Fails to Meet Identity Requirement Under Explanation III to Section 8 of the Act.

The litigation originated from a suit for recovery of money based on a promissory note executed by the appellant, K. V. Srinivasa Ayyangar, in favour ...