Rule 16 of CPC : Rule 16: Suits on lost negotiable instruments.
CPC
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Explanation using Example
Example 1:
Scenario: Rajesh had a promissory note from his friend Suresh, who promised to pay him ₹50,000 on a specific date. Unfortunately, Rajesh lost the promissory note.
Application of Rule 16: Rajesh decides to file a suit against Suresh to recover the ₹50,000. In his plaint, Rajesh mentions that the promissory note is lost. He provides evidence of the loss and offers an indemnity bond to the court, ensuring that he will compensate any other person who might claim the amount based on the lost promissory note. The ...
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