Citation: AIR 2006 SC 3517 Decided on: 13.02.2006 Court: Supreme Court of India Facts The appellants were holding land in excess of the limit prescribed under the Andhra Pradesh Land Reforms (Ceiling on Agricultural) Act, 1973, (“Act“). The surplus land was surrendered by them which had fruit bearing cashew nut tree plantation. It is to… Read More Vemareddy Kumaraswamy Reddy and Anr. Vs. State of Andhra Pradesh
CASE LIST: Requirements/ Ingredients Mohd. Kareemuddin Khan and Ors. vs. Syed Azam, 1997 (2) ALT 625 (Andhra Pradesh High Court, 1996) Devarapu Narasimharao vs. Yerrabothula Peda Venkaiah and Ors., 1998 (2) ALT 513 (Andhra Pradesh High Court, 1997) Dr. K. Subbaiah vs. C.N. Krishnamacharlu and Ors., 2011 (2) ALT 516 (Andhra Pradesh High Court, 2010) B.Visalakshi vs. Special Court under A.P. Land… Read More Adverse Possession
Transcore vs. Union of India (UOI) and Anr. Supreme Court 29.11.2006 Key Words: debt, recovery, security, banks, financial institutions, liability, tribunal, reconstruction, financial assets, enforcement of security interest, Mardia Chemicals, possession, immovable properties, notice, enabling provision Relevant Acts & Provisions: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI/NPA) Act, 2002: Ss. 13 (2), 13(4), 17… Read More Transcore vs. Union of India (UOI) and Anr.
Section 105 of the Transfer of Property Act talks about lease. It is transfer of a right to enjoy an immovable property for a certain time, or in perpetuity against consideration of a price paid or promised (premium). Features: Lessee acquires a transferable interest and can sub-lease. It is both heritable and transferable. Lessor and… Read More Lease
What is hire-purchase? Hire purchase is a type of installment credit under which the hire purchaser, called the hirer, agrees to take the goods on hire at a stated rental, which is inclusive of the repayment of principal as well as interest, with an option to purchase. Features: Under this transaction, the hire purchaser acquires… Read More Hire-Purchase