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The Supreme Court of India decided on January 3, 1967, in the case of Lala Shanti Swarup vs. Munshi Singh regarding a dispute over a mortgage and subsequent sale of property. The court ruled that the suit for recovery of losses due to breach of trust was not time-barred, as the limitation period began from the date the respondents were compelled to execute a self-liquidating mortgage on February 25, 1943. The judgment emphasized that an implied contract of indemnity existed, obligating the purchaser to reli

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