H.L.ANAND
GURMUKH SINGH – Appellant
Versus
INDERPRASTH FINANCE COMPANY – Respondent
( 1 ) BY these petitions under Section 115 of the Code of Civil Procedure, the petitioners who are plaintiffs in different suits filed by them against a financing Company, respondent in the present petitions, challenge an order of the First Appellate Court by which the petitioner s applications, under Order 39 Rules 1 and 2 of the Code of Civil Procedure, to restrain the financing company from seizing the vehicles in dispute, were dismissed.
( 2 ). It appears that the financing company concerned had financed to the extent of different amounts and on different dates, the purchase by the petitioners of different motor vehicles under identical arrangements which purport to be and have the appearance of hire purchase agreement. It is the case of the financing company that, in terms of the hire purchase agreements in question, the hirers were under an obligation to pay a monthly instalment of a specified amount with the option to purchase the property after a specified amount had been paid to the financing company. It is the further case of the financing company that in terms of the agreements, if the petitioners made default in the payment of any instalment, the financing co
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.