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United Bank Of India vs Ramdas Mahadeo Prashad And Ors on 4 November, 2003

13. The Hon'ble Supreme Court had occasion to consider Section 62 of the Indian Contract Act in (2004) 1 SCC 252 - United bank of India vs. Ramdas Mahadeo Prashad & Ors., which judgment has been relied by learned Counsel for the SBI. In the above case, a MoU was signed by the parties of the original contract and it was contended that in view of the MoU, the earlier contract stood novated. The Hon'ble Supreme Court has Company Appeal (AT) (Ins.) Nos.1565 of 2024 20 noted the question, which arose for consideration in paragraphs 3 and 4, which are as follows:
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