The appellant-Bank filed a suit for the recovery of an amount of Rs.1,21,006.98 due under an equitable mortgage and pronote against the defendant No. 1, his wife and his son, the defendant Nos. 2 and 3 respectively. Accordingly to the Bank, the defendant Nos. 1 to 3 executed a promissory note for.
Judgement Date : september/1990, Citation : 1990 Latest Caselaw 287 SC
What is the true meaning and scope of the expression 'holder in due course' as defined in Section 9 of the Nego- tiable Instruments Act, 1881, was the question that arose for consideration in this appeal. Consequent upon the pleading of promissory note and other title deeds relating to he.
Judgement Date : july/1982, Citation : 1982 Latest Caselaw 59 SC
The Banco Nacional Ultramarino (B.N.U.) with its head office at Lisbon in Portugal carried on banking business in Goa, Daman and Diu. On the eve of the liberation of these territories from Portuguese rule and their integration with India the B.N.U. removed a substantial portion of valuable assets he.
Judgement Date : february/1976, Citation : 1976 Latest Caselaw 18 SC
The respondent was declared elected on April 30, 1974, in the election to the State Legislative Council. The period of limitation of 45 days, prescribed by s. 81(1) of the Representation of the People Act, 1951, for filing an election petition, expired on June 14, 1974, when the High Court was close.
Judgement Date : november/1965, Citation : 1965 Latest Caselaw 237 SC
The appellant company, which carried on the business of buying bulk electrical energy and distributing it to consumers, made an application under the Industrial Employment (Standing Orders) Act, 1946, to the Certifying Officer, Madras, for an amendment of two of its certified Standing-Orders relatin.
Judgement Date : september/1964, Citation : 1964 Latest Caselaw 193 SC
The second appellant, who had executed promissory notes in favour of the respondents was adjudicated an insolvent on a petition by them. The Official Receiver in exercise of the powers under ss. 33 and 80 of the Provincial Insolvency Act (5 of 1920) and under directions of the Insolvency Judge, inqu.
Judgement Date : january/1961, Citation : 1961 Latest Caselaw 26 SC
The Managing Agents of the appellant company withdrew certain sums of money from its a count with the respondent (1) (1918) I.L.R. 41 Mad. 871. (2) (1921) I.L.R. 2 Lah. 133. (3) [1954] 56 Bom. L.R. 150. (4) I.L.R. [1958] A.P. 323. (5) A.I.R. 1923 Cal. 397. (6) (1926) I.L.R. 5 Pat. 106.
Judgement Date : may/1954, Citation : 1954 Latest Caselaw 79 SC
Under section 32 of the Negotiable Instruments Act, 1881, the liability of the drawee arises only when he accepts the bill. There is no provision in the Act that the drawee is as such liable on the instrument, the only exception being under section 31 in the case of a, drawee of a cheque having suff.