Tuesday, 25 August 2015

Legal Updates - Precedents


1. Statutory Body / Government Corporations cannot claim benefit of Article 112 of the Limitation Act, 1963 - Perumbavoor Municipality Vs Asst. Engineer, Kerala State Eletricty Board - W.P. (C) No. 17300 / 2013 - Kerala High Court
2. Company Court has no jurisdiction to deal with the issues arising out of the action of the secured creditor under Section 13 of the SARFAESI Act, 2002 - Indian Bank Vs Sub- Registrar, Karnataka - W.A. No. 1420 / 2013 - Bombay High Court 
3. Draft memorandum of understanding forwarded and accepted will not result in a concluded contract - Institute of Continuing Education, Research and Training & another Vs State of Jharkhand - W.P. (C) No. 985 / 2014 - Jharkhand High Court 
4. The concept of reverse mortgage is one which furthers the cause of senior citizens and helps them to tide over financial crisis during the fag end of his/her life - M.K.Ragini Vs State Bank of Travancore - W.P.(C).No.25008 of 2014 (A) – Kerala High Court