IF A BANK DISHONOUR YOUR CHEQUE ILLEGALLY, YOU CAN ASK FOR COMPENSATION FROM THE BANK FOR ALL THE LOSSES WHICH YOU FACE BECAUSE OF SUCH DISHONOUR: THAT’S WHAT MADRAS HIGH COURT HELD IN “CANARA BANK VS I.V. RAJAGOPAL”

Banking and Customer Rights, CHEQUE BOUNCE/DISHONOUR, Uncategorized / By

Contracts are sacrosanct and that is the reason why we keep so much money in the Banks even though it offers dirt cheap interest rates (currently Banks only offer around 7 % of Fixed Deposits, that too if you deposit money for more than One year, which is not even enough to beat inflation let alone giving some savings to a customer) therefore it is the duty of the Banks also to deal with the Customers with utmost honesty and diligence.  

AN OFFICIAL LIQUIDATOR IN LIQUIDATION PROCEEDINGS IS NOT ENTITLED TO ASK A DIRECTOR TO PAY THE DUES OF THE COMPANY FROM HIS PERSONAL INCOME : THAT’S WHAT BOMBAY HIGH COURT HELD IN “SHRI VIMALKUMAR RAVJI SHAH V/S THE EMPLOYEES PROVIDENT FUND  ORGANISATION, SOLAPUR & ORS”

Leave a Comment / Company Disputes, Director's Liability / By

If ESIC wants to effect a recovery from the company it can sell the assets of the company but the personal assets of the Directors are out of reach for it

EVEN IF YOU PURCHASE A PROPERTY UNDER THE INNOCENT BELIEF THAT SELLER IS THE OWNER OF THE PROPERTY, THOUGH HE IS NOT, YOU ARE ENTITLED TO GET THE PROPERTY BACK IF THE SELLER BECOMES OWNER AT A LATER DATE: THAT’S WHAT SUPREME COURT HELD IN “JUMMA MASJID, MERCARA VS KODIMANIANDRA DEVIAH”(PART-II)

Leave a Comment / Innocent Purchaser, PROPERTY DISPUTES / By

P being his only son becomes owner of the Bungalow as per Section 8 of Hindu Succession Act. Now Section 43 comes into picture and W can ask the Court to force P to transfer the Bungalow in his name. This is the true interpretation of Section 43.

EVEN IF YOU PURCHASE A PROPERTY UNDER THE INNOCENT BELIEF THAT SELLER IS THE OWNER OF THE PROPERTY, THOUGH HE IS NOT, YOU ARE ENTITLED TO GET THE PROPERTY BACK IF THE SELLER BECOMES OWNER AT A LATER DATE: THAT’S WHAT SUPREME COURT HELD IN “JUMMA MASJID, MERCARA VS KODIMANIANDRA DEVIAH”(PART-I)

Leave a Comment / Innocent Purchaser, PROPERTY DISPUTES, Uncategorized / By

In these articles we will understand the meaning of the terms like Issueless, Spes Successionis, Absolute Owner of a Property, Life Interest Holder in a Property, Mutation. Also we will know about the rights of a widow without children before Hindu Succession Act and afterwards i.e. today, who is an absolute owner and who is a life interest holder, what is a Separate Property of a person. 

TO GET AN INSURANCE CLAIM A PERSON CAN DIRECTLY APPROACH THE HIGH COURT: THAT’S WHAT SUPREME COURT HELD IN “LIC VS. ASHA GOEL”

Leave a Comment / Banking and Customer Rights, Insurance / By

ue to these abovementioned reasons the Insured or Policy Holder pays timely premiums in the hope of saving for a rainy day. But if Insurance Company denies the payment of your medical bills or denies money to a family after the death of the Policy Holder, then what are the remedies available to him or his family members.

IF A BROTHER GETS HIGHER SHARE ON PARTITION OF HINDU JOINT FAMILY PROPERTY, HE MUST ALSO COMPENSATE HIS SIBLINGS FROM HIS SHARE TO EQUALIZE PARTITION: THAT’S WHAT MADRAS HIGH COURT HELD IN “MANICKAM PILLAI VS AUDINARAYANA PILLAI”

Leave a Comment / Hindu Joint Family Property, PROPERTY DISPUTES / By

So in order to avoid any future disputes it is better to have a registered Partition Deed or Family Settlement whereby a Charge or Mortgage is created on the property of the sibling who have been more fortunate on Partition.

A FORMER PARTNER CANNOT BE FORCED TO PAY FOR ILLEGAL ACTS OF EXISTING PARTNERS: THAT’S WHAT SUPREME COURT HELD IN “M/S JUGGILAL KAMLAPAT V. M/S SEW CHAND BAGREE”

1 Comment / Uncategorized / By

There are innumerable partnership firms which are presently functioning in India. The constitution of these firms change with time as some partners may leave the firm due to disputes or due to new partners entering the firm or may be due to death of an existing partner. In the case of dissolution (read termination) of …

A FORMER PARTNER CANNOT BE FORCED TO PAY FOR ILLEGAL ACTS OF EXISTING PARTNERS: THAT’S WHAT SUPREME COURT HELD IN “M/S JUGGILAL KAMLAPAT V. M/S SEW CHAND BAGREE” Read More »

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