SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

DEBANGSU BASAK
South Indian Bank Ltd. – Appellant
Versus
Shroff Credit Co. – Respondent


Counsel for the Parties:
For the Plaintiff :Mr. S. Sengupta and Mr. A.K. Gandhi, Advocates.

JUDGMENT

Debangsu Basak, J.— The suit was for recovery of money lent and advanced and for declaration. The Defendant No. 1 was a partnership firm of which the Defendant Nos. 2 and 3 were partners. The Defendant Nos. 5, 7, 9, 11, 13 and 15 were the hirers of the vehicles from the Defendant No. 1 and the Defendant Nos. 6, 8, 10, 12, 14 and 16 where the guarantors for the payment of the dues to the Defendant No. 1. The Defendant No. 4 issued a Hire Purchase Bank Advance Guarantee Policy dated November 9, 1987 for Rs.4,00,000/- in favour of the plaintiff.

2. The Defendant No. 4 filed written statement only. None of the defendant, however, appearing during hearing. The witness of the plaintiff proved the documents executed by the defendants. Such documents were marked as Exhibits. It was prayed on behalf of the plaintiff that, decree be granted as prayed for in the plaint.

3. The Defendant Nos. 2 and 3 were the partners of the Defendant No. 1. The Defendant No. 1 was a partnership firm. The Defendant No. 1 was a constituent of the plaintiff. The Defendant Nos. 1, 2 and 3 approached the plaintiff for cash credit hire purchase facility which was granted. In consideration thereof the Defendan










Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top