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

1916 Supreme(Mad) 251

BAKEWELL
Maruthai Goundan – Appellant
Versus
Dasappa Goundan – Respondent


JUDGMENT

Bakewell, J.

1. The question in this case is whether a sale-deed and an agreement executed on the same day constitute a mortgage by conditional sale. The sale-deed is not only an absolute conveyance of the property but contains recitals which show an intention to extinguish a prior mortgage between the same parties and to discharge the vendors obligations to other parties and a statement that the sale price is the " proper current market value" of the land.

2. These provisions are inconsistent with an intention that the transfer was for the purpose of srcuring the payment of money advanced by way of loan (Transfer of Property Act, 1882, Section 58(a) ).

3. The agreement for reconveyance states that the appellants father had purchased the property for Rs. 1,500 and provides that " if you or your Oollittar or your heirs should pay the afore-said amount at the beginning of the cultivation season of any year within four years from this day, I shall re-convey the lands to you by means of a sale-deed in accordance with that executed in my favour."

4. The learned vakil for the appellants has relied upon the facts that patta was transferred into the name of the purchaser and he has bee








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