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Rajammal vs M.Senbagam on 11 November, 2016

[d]In yet another case, where out of total consideration of Rs.2,00,000/- a sum of Rs.1,65,000/- was paid as advance and three years period was fixed for the payment of balance of sale consideration, this Court in the Rajammal and Another V. M.Shenbagam reported in 2016 [6] CTC 225, held that in the absence of proper explanation for prescribing longer period, the Sale Agreement is not a bona fide agreement but obtained as a security to loan transaction. (30)Learned counsel for the respondents submitted that the appellant/plaintiff has not proved his readiness and willingness and that the suit is liable to be dismissed on the ground of delay and laches as the plaintiff has filed the suit only on 06.09.2011 despite the defendants have sent a reply on 28.02.2011 itself. This Court is unable to dismiss the suit on the ground of delay and laches as the plaintiff has alleged payment of substantial amount under the Agreement and only a small amount of Rs.50,000/- is payable by way of balance. The https://www.mhc.tn.gov.in/judis 25 AS.No.257/2018 judgment of Hon'ble Supreme Court relied upon by the defendants cannot be applied to non-suit the plaintiff on the ground of delay and laches if the Agreement is held to be proved as genuine sale Agreement. Though the evidence of plaintiff as PW1 prompted learned counsel for respondents to build an argument that the plaintiff was not ready and willing to perform her part of contract, having regard to the finding of this Court that the suit Agreement is not a bona fide sale transaction and since this Court has accepted the case of defendants that the suit Agreement was never intended to be acted upon as a Sale Agreement but was executed as security for loan transaction, is not inclined to go into the issue. Hence, Point [A] is answered to the effect that the suit Agreement is not a bona fide Agreement as it was obtained by plaintiff as a security for the loan transaction without any intention to act upon as a Sale Agreement.
Madras High Court Cites 11 - Cited by 16 - K R Baabu - Full Document

Tyagaraja Mudaliyar vs Vedathanni on 6 December, 1935

(27)The judgment in Tyagaraja Mudaliyar V. Vedathani reported in AIR 1936 Privy Council 70, is an authority for the proposition that oral evidence in departure from the written Deed is admissible to show that what is mentioned in the Deed was not the real transaction between the parties but it was something different. The judgment of Privy Council is followed by the Hon'ble Supreme Court as well as by https://www.mhc.tn.gov.in/judis 22 AS.No.257/2018 this Court in several precedents. Therefore, the contention of the appellant that the plea of defendants in the written statement is not permissible in view of Sections 91 and 92 of the Evidence Act, cannot be countenanced.
Bombay High Court Cites 4 - Cited by 72 - Full Document

K.Muthusamy vs K.V.K.Subramaniam on 2 March, 2011

[a]In the case of K.Muthusamy and Another Vs. K.V.K.Subramaniam reported in 2011 [2] LW 289, a learned Single Judge of this Court has observed that granting three years time for paying substantial portion of the sale consideration under the Agreement is one of the circumstances to hold https://www.mhc.tn.gov.in/judis 23 AS.No.257/2018 that the Sale Agreement is executed as a security for the loan amount.
Madras High Court Cites 12 - Cited by 3 - R Mala - Full Document

T.G.Pongiannan vs K.M.Natarajan on 2 April, 2009

https://www.mhc.tn.gov.in/judis 18 AS.No.257/2018 (21)As indicated above, this Court is of the view that the case of defendants in this case is more probable than the plaintiff's assertion as regards the nature of transaction. Though the burden lies on the defendants to prove the loan transaction as pleaded by them in the written statement, this Court on appreciation of overall circumstances, is inclined to believe the case of defendants as this Court finds that the plaintiff's evidence as PW1 does not inspire confidence. The plaintiff has come forward with a false case that possession of suit properties were handed over to plaintiff under the Agreement. Whereas it is specifically referred to in the Agreement that possession is not handed over to the plaintiff under Agreement. The plaintiff further admitted that she did not negotiate regarding the sale transaction as it was only the plaintiff's husband who went to the house of defendants and she knows only from her husband about the nature of Agreement. (22)Learned counsel for the appellant/plaintiff relied upon the judgment of this Court in the case of T.G.Pongiannan Vs. K.M.Natarajan and Another reported in 2009 [6] CTC 301, wherein a learned Single Judge has held as follows:-
Madras High Court Cites 10 - Cited by 12 - G Rajasuria - Full Document

Mrs.Pappammal @ T.Pappa vs Mr.P.Ramasamy on 29 March, 2012

[c]A learned Single Judge of this Court in the case of Pappammal @ T.Pappa Vs. P.Ramasamy reported in 2012 [4] CTC 100 has opined that the Sale Agreement must have been https://www.mhc.tn.gov.in/judis 24 AS.No.257/2018 executed only as security or as a loan transaction since out of total sale consideration of Rs.40,000/-, a sum of Rs.30,000/- was paid as advance and for the payment of balance of Rs.10,000/-, five year period was prescribed.
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