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Manohar Bhimraoji Mahalle & Othr vs State Of Maharashtra Thr. P.S.O. City ... on 6 March, 2020
cites
The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999
Section 5 in The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 [Entire Act]
Section 8 in The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 [Entire Act]
Section 34 in The Indian Penal Code, 1860 [Entire Act]
Section 3 in The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 [Entire Act]
Section 11 in The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 [Entire Act]
The Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963
C. Cheriathan vs P. Narayanan Embranthiri on 18 December, 2008
Intention of the parties must be gathered from the document itself but
circumstances attending there to would also be relevant as held in C.
Cheriathan Vs. P. Narayan Embranthiri reported in AIR 2009 SC 1502.
It is also very important to note the manner in which parties have
construed the various terms and conditions of the agreement. We have
already discussed certain aspects in this behalf earlier. Clause No.8 of
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Judgment 14 Appeal720.2018.odt
the said agreement of sale although initially mentions that the
"Builders/Developers" should carry on the transaction of sale of plots
only after completion of the sale of the said land, however, further
gives specific power to the "Builder/Developer" i.e said Financial
Establishment to sell the plots on the basis of the said agreement of
receipt of earnest amount and that the appellants are consenting for
the same. The said "Financial Establishment" acted on the said right
given to them to sell plots and accepted huge consideration from about
514 flat purchasers. Thus, it is clear that various flats purchasers have
invested huge amount in the flats to be constructed or being
constructed on the said plots. Therefore, the contention raised by the
appellant in their objection dated 02.05.2018 as well as in this appeal
that they have never authorized said Rana Landmark Pvt. Ltd., to
accept the booking in respect of the flats-apartment of the proposed
township and only consent for non agricultural conversion was given
by the appellant is found to be totally incorrect.