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Dhian Singh Sobha Singh & Another vs The Union Of India on 29 October, 1957

If this rule is applied to the instant case we have no doubt that the plaintiff will not get anything if he were to sell the negatives to a solvent buyer. As observed earlier there is no evidence whatsoever of any person having made any offer to purchase the negatives. In the case of a chattel which is not a profit earning chattel or which has ceased to be a profit earning chattel the plaintiff would be entitled to have damages or compensation for loss in the form of its monetary equivalent. The wrong doer is held responsible for his tortious conduct by applying as far as possible the general principle of restitutio in integrum and difficulties always arise in defining the proprietary loss which has to be compensated and the date on which the loss is to be evaluated in terms of money. Reference may be made to a recent decision of the Supreme Court in Dhian Singh v. Union of India, , which contains a detailed discussion of the law relating to the ascertainment and the award of damages for the "conversion" and "detinue". That decision dealt with a case of wrongful detention of two motor trucks and it was held that the injured party was entitled to the value of the trucks as on the date of the judgment and also damages at a particular rate per day during the period when the injured party was prevented from making use of the trucks by hiring out and earning income. There it was held that if a bailee (which would include a pledgee) refuses to deliver the chattel back on demand by the bailor the latter will be entitled at his election to pursue his remedy against the bailee for wrongful detention of his goods and recover either the goods in specie or its value on the date of the judgment. The difficulty arises only where the chattel has no saleable value whatsoever and its earning capacity to the owner is nil. In such a case the damage sustained by the owner is virtually nil and if the wrong doer escapes without performing his contractual obligation of due delivery of the chattel it is because the chattel has no value. In this respect the rule is the same whether the claim arises out of a contract or tort and the best that the Court can do is to place the party who has sustained the injury in the same position as he would have been if he had not sustained the wrong for which compensation or reparation is awarded.
Supreme Court of India Cites 4 - Cited by 102 - N H Bhagwati - Full Document

The Gemini Pictures Circuit, Limited vs The Commissioner Of Income-Tax on 6 December, 1957

(4) In Gemini Picture Circuit v. Commr. of Income-tax, 1958-2 Mad LJ 6: (AIR 1958 Mad 592) a Bench of this Court had to consider the allowance towards depreciation in the assessment of Income-tax of a film industry and it was held that the normal life of a film was three years, and that its saleable value was lost rapidly and to the extent of 60 per cent in first year of its life and that barring exceptional cases the general rule was that three years represented the normal life of a picture. In this case the relevant date is the date of the decree of the trial Court, that is, 15th September 1949, and by that time seven years have lapsed. There is the further important fact that the picture was a total failure and admittedly there was no question of its being exploited by exhibition in any theatre. Under these circumstances, it will be clearly unjust to hold that the plaintiff would be entitled to his cost of the production of the picture.
Madras High Court Cites 11 - Cited by 26 - Full Document
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