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Feb 24 1981

Nagpur Nagarik Sahakari Bank Ltd. Vs. Union of India and anr.

Court : Andhra Pradesh

Decided on : Feb-24-1981

Subject : Company

Acts : Maharashtra Co-operative Societies Act - Sections 164; Indian Contract Act, 1872 - Sections 74, 124, 126, 128, 140, 141 and 145

Reported in : [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

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Nov 25 2005

Lalbhai Trading Company Through B.K. Bhatt and 3 ors. Vs. Union of Ind ...

Court : Gujarat

Decided on : Nov-25-2005

Subject : Customs

Acts : 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

Reported in : (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

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Jul 06 2006

State Bank of India and anr. Vs. Mula Sahakari Sakhar Karkhana Ltd.

Court : Supreme Court of India

Decided on : Jul-06-2006

Subject : Contract

Acts : Evidence Act, 1872 - Sections 91 and 92; Contract Act - Sections 124; Transfer of Property Act - Sections 58; State Bank of India Act, 1955

Reported in : 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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Apr 01 1942

Gajanan Moreshwar Parelkar Vs. Moreshwar Madan Mantri

Court : Mumbai

Decided on : Apr-01-1942

Subject : Contract

Reported in : 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

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Oct 11 1991

Taj Trade and Transport Co. Ltd Vs. Oil and Natural Gas Commission and ...

Court : Mumbai

Decided on : Oct-11-1991

Subject : CompanyArbitration

Acts : Indian Contract Act, 1872 - Sections 126

Reported in : 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

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Aug 18 1980

Premier Tyres Ltd. Vs. the State Trading Corporation of India Ltd.

Court : Delhi

Decided on : Aug-18-1980

Subject : Contract

Acts : Indian Contract Act, 1872 - Sections 124

Reported in : [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

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Nov 21 2012

M/S. Abg Ports Limited Vs. M/S.Psa International Pte Limited and Other ...

Court : Mumbai

Decided on : Nov-21-2012

Subject : 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

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Jan 03 1963

A.V. Varadarajulu Naidu (Decd.) and ors. Vs. K.V. Thavasi Nadar

Court : Chennai

Decided on : Jan-03-1963

Subject : Civil

Acts : 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

Reported in : 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

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Dec 16 1965

Sri Gopal Manuers and Bonu Mill Vs. Manepalli Ranganayakulu and Sons a ...

Court : Andhra Pradesh

Decided on : Dec-16-1965

Subject : Commercial

Acts : Code of Civil Procedure (CPC), 1908 - Order 8-A, Rules 1 and 5; Indian Contract Act, 1872 - Sections 124 and 235

Reported in : 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

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Feb 11 1958

Brahmayya and Co. Official Liquidators Vs. K. Srinivasan Thangirayar a ...

Court : Chennai

Decided on : Feb-11-1958

Subject : CompanyContract

Acts : Contract Act, 1872 - Sections 124, 126, 128 and 133

Reported in : 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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