Search Results for "Promissory notes"

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Bombay High Court Dismisses Petitioner's Challenge to Auction Sale by Cooperative Bank for Loan Recovery. Confirmed Auction Sale Under Section 101 of Maharashtra Cooperative Societies Act, 1960 Cannot Be Set Aside After Sale Certificate Issuance.

The petitioner, Shiva Sahakari Up Jal Sinchan Sanstha Ltd., a cooperative society, had taken a loan from the Nanded District Central Cooperative Bank ...

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High Court of Karnataka Allows Appeal in Promissory Note Recovery Suit — Appellate Court's Reversal of Trial Court's Dismissal Upheld. Defendant's Denial of Execution and Signature on Promissory Note Found Unsubstantiated; Presumption Under Section 118 of Negotiable Instruments Act, 1881 Applied.

The plaintiff-respondent filed a suit for recovery of Rs. 1,13,520/- based on a demand promissory note executed by the defendant-appellant on 03.04.20...

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Bombay High Court Dismisses Petition in Property Dispute Between Near Relations — Upholds Concurrent Findings of Courts Below. Adverse Possession Claim Fails as Petitioner Failed to Prove Hostile Possession and Ouster of True Owner.

The dispute pertained to a property tussle between near relations. The petitioner, M/s Jwel Buildcon Pvt. Ltd., claimed title by adverse possession ov...

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High Court Rejects Plaint in Money Recovery Suit - Applicant Application Under Order VII Rule 11(d) CPC Succeeds -Plaintiff' Suit Barred by Maharashtra Money Lending Act Due to Unlicensed Lending

The High Court of Judicature at Bombay heard an interim application filed by the defendant under Order VII Rule 11(d) of the Code of Civil Procedure, ...

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High Court of Bombay at Goa Upholds Conviction in Cheque Dishonour Case — Presumption Under Section 139 NI Act Not Rebutted. Accused Failed to Prove Defence of Blank Cheque Given as Security, Leading to Confirmation of Sentence Under Section 138 of Negotiable Instruments Act, 1881.

The case arises from a complaint filed by the respondent (complainant) against the petitioner (accused) under Section 138 of the Negotiable Instrument...

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Gujarat High Court Allows Appeal in Recovery Suit, Sets Aside Dismissal for Non-Prosecution. The Court restored Civil Suit No. 2037 of 1998 to the file of the City Civil Court, Ahmedabad, holding that the dismissal for default was not justified given the long pendency of the suit.

The appellant, Abhishek Finlease Ltd., filed a First Appeal under Section 96 of the Code of Civil Procedure, 1908, challenging the judgment and decree...

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Bombay High Court Grants Bail to Accused in Counterfeit Currency Case on Grounds of Parity and Bailable Offence. The court held that where a co-accused has been granted bail on the ground that the offence under Section 489-C IPC is bailable, the same principle applies to another accused similarly placed.

The applicant, Kiran Kumar Kanhyalal Khadra (accused No.2), was arrested in connection with C.R. No.176 of 2010 registered at L.T. Marg Police Station...