RAM JANKI DEVI & ANR. vs M/S. JUGGILAL KAMLAPAT

The Supreme Court held that the amount in question was a deposit and not a loan, thus the limitation period for filing the suit commenced from the date of demand, not from the date of the loan. The Court emphasized that the nature of the transaction must be determined by the facts and circumstances surrounding it, including the relationship between the parties. The suit was decreed in favor of the respondent, affirming the decision of the Allahabad High Court.