Hi all,
I had a sugeestion to avoid vexatious litigations in respect of claims under blank signed promissory notes or receipts, now a days so many financial institutions, financiers are obtaining blank signed pronotes and receipts on a revenue stamps, and some of the people are misusing the same for filling more amount than original priniciple amount and claiming interest therto even in respect of time barred debts.
Now I had a suggestion that under stamp act, for use of revenue stamp there must be a valid period for its use i.e for only one year period, and at the time of printing the revenue stamp the authorities should also print its valid period every year. in this way we can controll not only vexatious litigations, and also filing filing cases which are time barred.
suggestions if any invited.
