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Nagpur Nagarik Sahakari Bank Ltd. Vs. Union of India and anr.
Andhra Pradesh
Feb-24-1981
Company
Maharashtra Co-operative Societies Act - Sections 164; Indian Contract Act, 1872 - Sections 74, 124, 126, 128, 140, 141 and 145
[1984]55CompCas677(AP)
be final and binding on the bank ....' Sections 124, 126, 128, 140 and 145 of the Indian Contract Act, 1872, read as under : '124. A contract by which one party promises to save the other from loss … the duties and obligations indicated in the said agreement shall be final and binding on the bank ....' Sections 124, 126, 128, 140 and 145 of the Indian Contract Act, 1872, read as under : '124. A
Tag this Judgment! AI Brief & AskLalbhai Trading Company Through B.K. Bhatt and 3 ors. Vs. Union of Ind ...
Gujarat
Nov-25-2005
Customs
Customs Act, 1962 - Sections 18, 128, 129A, 129A(1) and 142; Town Police Clauses Act, 1847; Administrative Tribunals Act, 1985; Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976; Central Excise Act, 1944 - Sections 35 and 35B; Indian Contract Act, 1872 - Sections 124, 125, 126, 128, 133 to 139, 141 and 147; Evidence Act, 1872 - Sections 68; Code of Civil Procedure (CPC) - Sections 22(3), 96 and 100 - Order 47, Rule 1; Constitution of India - Articles 14, 19(1), 226 and 300A; Customs (Provisional Duty Assessment) Regulations, 1963 - Rules 2 and 3; Bombay Cinema Rules, 1954
(2006)1GLR497
and presumptuous.19. A brief resume of the law regarding surety may be made:i. CHAPTER VIII of THE INDIAN CONTRACT ACT, 1872 (Contract Act) deals with INDEMNITY AND GUARANTEE. Sections 124 and 125 deal with indemnity while rest of the … Pending final assessment the importer owner was called upon to submit a bond as per provisions contained in Section 18 of the Customs Act, 1962 (the Act) read with Rules 2 & 3 of the Customs (Provisional
Tag this Judgment! AI Brief & AskState Bank of India and anr. Vs. Mula Sahakari Sakhar Karkhana Ltd.
Supreme Court of India
Jul-06-2006
Contract
Evidence Act, 1872 - Sections 91 and 92; Contract Act - Sections 124; Transfer of Property Act - Sections 58; State Bank of India Act, 1955
AIR2007SC2361; 2006(5)ALD35(SC); 2006(3)AWC3124(SC); 2006(6)BomCR143; [2006]132CompCas565(SC); 2006(2)CTLJ1(SC); JT2006(6)SC152; 2006(6)MhLj257; 2006(6)SCALE600; (2006)6SCC
5000/-. Contract - Nature of document - Dispute - Bank guarantee/Contract of indemnity - Section 124 of the Contract Act, 1872 - Sections 91 and 92 of the Indian Evidence Act, 1872- Document containing Clause that the appellant was
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Gajanan Moreshwar Parelkar Vs. Moreshwar Madan Mantri
Mumbai
Apr-01-1942
Contract
AIR1942Bom302; (1942)44BOMLR703; MANU/MH/0039/1942
the suit is premature. Mr. Tendolkar relies for his arguments on Sections 124 and 125 of the Indian Contract Act, 1872. Section 124 defines the contract of indemnity as a contract by which one party promises to safeguard the other from
Tag this Judgment! AI Brief & AskTaj Trade and Transport Co. Ltd Vs. Oil and Natural Gas Commission and ...
Mumbai
Oct-11-1991
CompanyArbitration
Indian Contract Act, 1872 - Sections 126
1992(2)BomCR125; (1992)94BOMLR620; [1994]80CompCas740(Bom); 1992(2)MhLj1110
there that statutory provisions regarding guarantees were to be found in sections 124 to 147 of the Indian Contract Act, 1872, and that specifically section 126 of the Contract Act dealt with guarantees. Then, a reference was made to
Tag this Judgment! AI Brief & AskPremier Tyres Ltd. Vs. the State Trading Corporation of India Ltd.
Delhi
Aug-18-1980
Contract
Indian Contract Act, 1872 - Sections 124
[1981]51CompCas316(Delhi); ILR1986Delhi317
The case discussed over the enhancement of bank guarantee under Section 126 written with Section 124 of the Contract Act, 1872 - There was a dispute between the third parties - The performance guarantee was given by the bank
Tag this Judgment! AI Brief & AskM/S. Abg Ports Limited Vs. M/S.Psa International Pte Limited and Other ...
Mumbai
Nov-21-2012
Land Acquisition
appellant to the respondent no.1. Thus, the reliance placed by the appellant on section 124 of the Indian Contract Act, 1872 is entirely misplaced as the said section does not apply. It is, therefore, contended that the order of
Tag this Judgment! AI Brief & AskA.V. Varadarajulu Naidu (Decd.) and ors. Vs. K.V. Thavasi Nadar
Chennai
Jan-03-1963
Civil
Partnership Act, 1932 - Sections 4; Motor Vehicles Act - Sections 42(1) and 59(1); Specific Relief Act, 1877 - Sections 41; Contract Act, 1872 - Sections 124, 126 and 128
AIR1963Mad413
of Motor Vehicles Act, Section 41 of Specific Relief Act, 1877 and Sections 124, 126 and 128 of Contract Act, 1872 - appeal against Order passed by Single Judge that sureties liable to pay amount to plaintiff - permit
Tag this Judgment! AI Brief & AskSri Gopal Manuers and Bonu Mill Vs. Manepalli Ranganayakulu and Sons a ...
Andhra Pradesh
Dec-16-1965
Commercial
Code of Civil Procedure (CPC), 1908 - Order 8-A, Rules 1 and 5; Indian Contract Act, 1872 - Sections 124 and 235
AIR1967AP145
8-A Rules 1 and 5 of Code of Civil Procedure, 1908 and Sections 124 and 235 of Indian Contract Act, 1872 - revision petition against Order of Principal District Munsif - respondent instituted suit of recovery against petitioner - … defendant to show that he is entitled to indemnity against Rattayya. The contract of indemnity is defined in Section 124 of the Indian Contract Act. That definition is in the following terms.'A contract by which one party promises
Tag this Judgment! AI Brief & AskBrahmayya and Co. Official Liquidators Vs. K. Srinivasan Thangirayar a ...
Chennai
Feb-11-1958
CompanyContract
Contract Act, 1872 - Sections 124, 126, 128 and 133
AIR1959Mad122
to taketheir costs out of the estate. Contract - liability - Sections 124, 126, 128 and 133 of Contract Act, 1872 and Sections 45-A and 45-B of Banking Companies Act - application filed under provisions of Sections 45-A and … of the Hanuman Bank Ltd.. which is now under liquidation. The application was filed under the provisions of Sections 45-A and 45-B of the Banking Companies Act to direct the first respondent to pay both personally and
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