What's the difference between AOD and Revival letter?

Situation : Is acknowledgement of debt is a expressed promise and Revival letter is a implied promise? What the difference between them? Can AOD be termed as a valid document if executed within limitation period for surety and Revival letter be executed after time barred loan for borrower? since two documents are executed for two different persons for two different periods it's validity can be justified i.e is it binding for both?
Related Topics : Banking law
Lawyers answer this question

Advocate Justice Kishan Dutt Kalaskar

No.74, 1st Floor, 6th Cross, Malleswaram,, Bangalore 
For More Details Contact On +91 7769012300.
A:

Dear Sir,

It requires lot of home work but the Courts always neglect such minute issues. You may take the issue to the higher Court and favourable order.

For full procedure contact me on mobile through the Administrators of this Website.

4 user found this answer helpful

Disclaimer : This answer is based on information given by you hence, It is just opinion of Lawyer. For specific answer you have to give details and facts and choose the Lawyer of your choice.

Lawyers: To answer this question, please Sign In to your account or wait for admin approval.

Most Viewed Lawyers