Tuesday, 4 July 2017

Daily legal updates - 05/07/2017



1)     Borrower(s) having secured loan from the Bank are bound to inform the change of address to the Bank so as to enable the Bank to proceed further. Borrower(s) having not intimated about the change of address to the Bank for the reasons best known to them cannot later complain that Bank has committed a fraud by not causing notice / summons at the correct address. Madras High Court in C.R.P.(NPD) (MD) No.1228 of 2017.

2)     Mere breach of contract cannot bring criminal cheating unless fraudulent or dishonest intention is shown right at the beginning of the transaction. Therefore, it is the intention which is the gist of the offence. Once the complainant himself admits that the contract was partly performed, it cannot be inferred from any angle that the accused had dishonest intention right from the beginning.- Patna High Court in Cr. Misc. No. 30357 of 2013


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