Balkrishna S/O Bhagwanji Lohi ... ... vs Prakash S/O Sheshrao Lohi on 10 January, 2014
24. The principle laid down in the said cases of Bhagwan Kaur
and Dada (supra) has been stated by me earlier and even on its basis, I
do not think that the claim of the defendants that the suit house was
received by them in exchange for Mainabai's house given to Sheshrao can
be said to have been established in this case. The reason is that to seek
any application of this principle of law, the defendants would be required
to prove that they were in possession of the suit house at the time when
the oral exchange took place. The evidence brought on record by them
shows the position to be otherwise. The evidence of defendant no. 1
Balkrishna (Ex.52) is relevant in this regard. He has stated in paragraph
2 that in the year 1954 there was exchange of properties between himself
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and Sheshrao on the basis of an oral agreement. He also states that in
addition to giving of house of Mainabai to Sheshrao, he had paid
Rs.850/- to Sheshrao. This would show that basically this transaction
was not purely that of an exchange, as defined under Section 118 of T.P.
Act but was also accompanied by a consideration in terms of money and,
therefore, it was a transfer of ownership partly in exchange for a price
and partly in exchange for ownership of one thing for the ownership of
another. Such transaction would also fall within the definition of "sale"