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

1950 Supreme(All) 105

WALI ULLAH, SANKAR SARAN
PANCHAITI AKHARA MAHA NIRVANI – Appellant
Versus
BINDESHRI PRASAD – Respondent


Advocates Appeared:
L.P.ZUTSHI, S.N.AGARWAL, S.N.SETH


WALI ULLAN, J.

( 1 ) THIS is an appeal fay the decree-holder against au order passed by the execution Court whereby the objections filed by the sons of Bindeshri Prasad, the judgment debtor, were allowed and their three-fourths share in the property attached was released from attachment.

( 2 ) IT appears that a simple mortgage deed was executed on 8-10-1928 by Bindeshri Prasad for rs. 5,600 payable in five years in favour of the plaintiff, the Panchayati Akhara. The deed carried interest at fourteen annas per cent. per mensem. It also provided that if the mortgagor did not pay the interest within the stipulated period of five yeara, the mortgagee would be entitled to realise the entire amount of the mortgage debt either within the stipulated period or after the stipulated time, A suit for sale on the basis of the mortgage was instituted on 11-10-1932 and there was a clear allegation in the plaint that the mortgagor had not paid the interest as agreed upon. To this suit Bindeshri Prasad as well as bis three minor sons were impleaded as defendants.

( 3 ) THE claim was resisted by Bindeshri Prasad, the mortgagor, on the ground that the suit was premature and further on the ground that































































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