Judgment Search Results Home > Cases Phrase: indian contract act 1872 section 141 suretys right to benefit of creditors securities Court: delhi Page 1 of about 9 results (0.077 seconds)

Citibank N.A. Vs. Juggilal Kamlapat Jute Mills Co. Ltd.

Court : Delhi

Reported in : AIR1982Delhi487; [1984]56CompCas509(Delhi)

..... in pursuance of the said court decree and giving its consent to the sale which was later on confirmed by the court. 46. section 135 of the indian contract act, 1872, reads : 'a contract between the creditor and the principal debtor, by which the creditor makes a composition with, or promises to give time to, or not to sue, the ..... issues, it would be presumed that the liability of the defendant-jute mills was that of a surety. 43. according to s. 126 o the indian contract act, 1872, a 'contract of guarantee' is a contract to perform the promise, or discharge the liability, of a third person in case of his default. the person who gives the guarantee is called the ..... the defendant. it was next averred that the liability of the jute mills, the surety, stood discharged in view of the provisions of s. 141 of the indian contract act, 1872, on account of the acts and omissions of the plaintiff, namely, (1) by filing suit no. 315 of 1977, in the court of the second civil judge, kanpur, without .....

Ministry of Defence, Government of India Vs. Cenrex Sp. Z.O.O and Othe ...

Court : Delhi

..... weeks plus 30 days to open the l.c.s. 7. it is also, at this stage, necessary to refer to and reproduce sections 51, 52 and 54 of the indian contract act, 1872 inasmuch as these provisions will be relevant to determine the issue as to whether or not it was the petitioner or the respondent no.1 who was guilty of breach ..... how the arbitrators could have at all reached at such a conclusion in the face of section 52 of the indian contract act, 1872 which provides that contract when provides the stages of performance then performances have to be in the order provided under the contract. in fact, the majority award reverses the logic on its head for the benefit of respondent no.1 herein ..... such that losses cannot be easily calculated, the amount claimed as liquidated damages can be claimed as per section 74 of the indian contract act, 1872 without proving and showing how much loss has been caused vide oil and natural gas corporation ltd. vs. saw pipes ltd., (2003) 5 scc 705. discussion on this is .....

East Delhi Municipal Corporation vs.raj Kumar Jain

Court : Delhi

..... by the contractor, it does not make the clause valid inasmuch as it would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in ..... law of contracts in england is mostly judge-made, the law of contracts in india is enacted in a statute, namely, the indian contract act, 1872. in order that such a contract should be void, it must fall under one of the relevant sections of the indian contract act. the only relevant provision in the indian contract act which can ..... in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit is specified, the engagement must be performed within a .....

East Delhi Municipal Corporation vs.ashwani Kumar Aggarwal

Court : Delhi

..... by the contractor, it does not make the clause valid inasmuch as it would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in ..... law of contracts in england is mostly judge-made, the law of contracts in india is enacted in a statute, namely, the indian contract act, 1872. in order that such a contract should be void, it must fall under one of the relevant sections of the indian contract act. the only relevant provision in the indian contract act which can ..... in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit is specified, the engagement must be performed within a .....

North Delhi Municipal Corporation vs.varinderjeet Singh

Court : Delhi

..... accepted by the contractor, it does not make the clause valid inasmuch as it would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in ..... law of contracts in england is mostly judge-made, the law of contracts in india is enacted in a statute, namely, the indian contract act, 1872. in order that such a contract should be void, it must fall under one of the relevant sections of the indian contract act. the only relevant provision in the indian contract act which can ..... in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit rfa502017 page 25 of 47 is specified, the engagement .....

North Delhi Municipal Corporation & Anr. Vs.gagan Chadha

Court : Delhi

..... a clause has been signed and accepted by the contractor, it does not make the clause valid inasmuch as it would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in fact a single judge of this court in ..... and give any reason for the delay in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit is specified, the engagement must be performed within a reasonable time.8. in the applications for .....

North Delhi Municipal Corporation & Anr. Vs.amit Chadha

Court : Delhi

..... a clause has been signed and accepted by the contractor, it does not make the clause valid inasmuch as it would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in fact a single judge of this court in ..... and give any reason for the delay in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit is specified, the engagement must be performed within a reasonable time.8. in the applications for .....

North Delhi Municipal Corporation & Anr. Vs.amit Tanwar

Court : Delhi

..... a clause has been signed and accepted by the contractor, it does not make the clause valid inasmuch as it would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in fact a single judge of this court in ..... and give any reason for the delay in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit is specified, the engagement must be performed within a reasonable time. the leave in taken the .....

North Delhi Municipal Corporation vs.vipin Gupta

Court : Delhi

..... does not make the clause valid inasmuch as it rfa1602017 page 27 of 50 would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in fact ..... law of contracts in england is mostly judge-made, the law of contracts in india is enacted in a statute, namely, the indian contract act, 1872. in order that such a contract should be void, it must fall under one of the relevant sections of the indian contract act. the only relevant provision in the indian contract act which can ..... in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit is specified, the engagement must be performed within a .....

North Delhi Municipal Corporation & Anr. Vs.bharat Arora

Court : Delhi

..... a clause has been signed and accepted by the contractor, it does not make the clause valid inasmuch as it would render a fundamental condition of contract being hit by provisions of the indian contract act, 1872 (hereinafter, contract act ). every contract, to be valid, has to have consideration and the indefinite postponement of consideration would be wholly unconscionable. in fact a single judge of this court in ..... and give any reason for the delay in making the payments. normally, payment should be made within a reasonable time after the contract has been executed and the party has performed his obligations under the contract. section 46 of the indian contract act, 1872 stipulates that where no time limit is specified, the engagement must be performed within a reasonable time. in the leave taken the .....