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will be recalled that the undersigned submitted that there was no novatio but it was a bipartite agreement between the appellant and Exim Bank

observing that Section 62 would not be applicable as there was no novatio of the contract. Further, it is neither Citi Bank ... which CMF was to accept the liability. Such a case of novatio does not arise for consideration. ..." 72. In DDA v. Joint Action Committee

remembered, Shri Shah submitted, that the supplemental agreement was not a novatio but designed to rectify the original agreement. No new rights or obligations were

November, 2000 in favour of the complainant and her daughter there was novatio of the original contract and the complainant is not entitled to insist

Indian Cable Net Company Ltd vs Star India Pvt Ltd on 3 March, 2023 Author

Mitra Jaya, Indonesia. To replace the Company in place of NHAI, a Novatio Agreement dated 7th August, 2002 was entered into among the assessee company ... response to this notice the assessee contended as under: (i) A Novatio Agreement dated 07-08-2002 was entered into by the assessee company, NHAI

parties mutually altering the price stipulated in the original contract by novatio there is also a statutory provision contained in Section

Bank N.A. v. Standard Chartered Bank , it was held as follows: Novatio, rescission or alteration of a contract under Section 62 of the Indian ... observing that Section 62 would not be applicable as there was no novatio of the contract. 29. Under the PPA the board is obliged

Respondents No.1 and 2 also contended that revival means 'Novatio' of the contract and the underwriter has to assess the risk