M. Govindarajan And Ors. vs The Indian Overseas Bank, Pondicherry ... on 24 April, 1992
We, therefore, hold that the decision in Kathoom Bivi Animal v. S. Mohamad alias Sheik Mohamad (1990)1 L.W. 284, in so far as it held that sham and nominal transactions are also covered by the provisions of the Act, is not correct.