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Payable

an obligation to pay at a future time but when used without qualification in payable at once, S.P.L.P. Narayanan Chettiar v. M.A.R. Annamalai Chettiar, AIR 1961 Mad 313. Means an obligation to pay at a future time … Payable, 'payable' generally means that which should be paid, New Delhi Municipal Committee v. Kalu Ram, AIR 1976 SC 1637 (1639): (1976) 3

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