Naveen 03 July 2017
Raveena Kataria (Advocate ) 03 July 2017
The answer to that would be none, that is there can be no upper limit to the amount mentioned(to be paid) in a promissory note.
Note, the only bar relating to it is the limitation period of three years from the date of its execution (i.e. the period within which the creditor can bring an action in the local civil court to enforce payment in the said promissory note.)
Naveen 03 July 2017
Raveena Kataria (Advocate ) 03 July 2017
The burden will be upon the person who served you notice to prove in the court that he had paid 15 lakhs worth of rupees to your father, for which he will have to offer several proofs for court's inspection including mode of such payment, his source of income (out of which he managed to make such payment,) the reason for advancing such payment to your father etc. I'd advise you to get in touch with a local advocate so he can assist you smoothly through all the proceedings in this false promissory note case.
Siddharth Srivastava (Advocate) 03 July 2017
As such No limit on upper limit..
P. Venu (Advocate) 03 July 2017
He cannot take law into his hands. The property could be attached through due process of law only. In order to pre-empt any ex-party interim order or injunctioon, you may file a caveat in the jurisdictional court.
Naveen 12 July 2017