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

1965 Supreme(Mad) 206

RAMAPRASADA RAO
K. Raghavan – Appellant
Versus
K. Venkatarama Iyer – Respondent


Advocates:
T.S. Raghavachariar, for Petitioner; R. Rajagopala Aiyar and N.S. Raghavan, for Respondents.

ORDER :- This civil revision petition raises important questions of law as to whether a receiver can claim from the estate amounts advanced and paid by him during the course of his administration, and claim contemporaneously a lien over the liquid assets of the estate, so as to take preference over the mortgage decree-holder at whose instance the estate was being administered by him, and whether by necessity the receiver should file a suit to realise such amounts advanced by him, even though the advancement of such moneys is not in question, and incidentally whether the claim would be barred by limitation.

2. The petitioner who is the receiver appointed in the lower court, was so appointed at the instance of the plaintiff in the suit who had a mortgage security over a press known as the Rajah Power Press, Royapettah. The receiver was allowed certain remuneration for his management and running of the press. He was in actual management of the same between 15-4-1961 till. 31-12-1963, and the final accounts relating to the same were passed on 1-2-1965. During such running of the press by him. he is said to have advanced moneys from and out of his own pocket for necessities of the busine




















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