Bishwa Nath Gupta vs Basdeomal Jogdhian on 19 March, 1959
20. Learned counsel has cited before us a Bench decision of the Bombay High Court in Karamchand v. Madhavdas, AIR 1956 Bom 669, in support of his submission that in order that there can be a debt which can be adjusted or with regard to the recovery of which the special facility provided by the Act can be afforded to a displaced person, it must be not only any liability but a pecuniary liability and the pecuniary liability must be an existing obligation, although it may not be payable in praesenti and even though it may not be ascertained at the relevant date; and that the emphasis that the Legislature has placed is upon the word "pecuniary" which qualities liability, thereby ruling out other kinds of liabilities which although based upon an existing obligation are not pecuniary in their nature.