specific finding that even both the exhibits are not admissible for
collateral purpose also. Aggrieved by that, the present appeal is filed.
10. We have ... require
registration, still the unregistered documents are admissible in evidence
for collateral purpose.
12. The learned counsel Mr. G.V.R. Choudary, appearing
Infrastructure Leasing ... vs B.P.L. Limited on 9 January, 2015
Author: Dipak Misra
Bench
from the Pollachi Branch of the defendant Bank cannot be retained as collateral security for the outstanding due by their sister concern to the Madurai ... land and buildings at Pollachi which can be taken as collateral security. Learned counsel submitted that the above said offer was made by the plaintiffs
admissible in evidence though parties may rely the same for collateral purposes. It further held that tenancy was for a period of five years ... plaintiff-respondent, submitted that the agreement has rightly been relied on for collateral purposes and since it was a fixed term tenancy, which stood determined
defendants have stated that the exchange deed is being marked for collateral purpose to prove their possession since 1908. Further, they have stated that ... paid, the document cannot be looked into for any other purpose including collateral purpose. The Trial court also found that the application was filed
shares of Bombay Rayon
Fashions Ltd. with the respondent as collateral against margin requirement. The
petitioner executed various transactions of sale and purchase of equity ... respondent being the price difference between sale and
purchase price of collateral shares which were sold by the respondent without the
instruction of the petitioner
Registration Act, it can be looked into for a limited purpose viz.
collateral purpose. Though the terms and conditions, right and title and
interest under ... unregistered document cannot be enforced, but it can be
used for certain collateral purpose, for instance, the possession under such
unregistered document is whether illegal
Deed
can also be admitted in evidence as an evidence of any collateral
transaction not required to be affected by registered document. When
an unregistered ... Such unregistered document can however be used as
an evidence of collateral purpose as provided in the
proviso to Section 49 of the Registration
agreement
of sale is a document used by the applicant for the collateral purpose and is
hence not required to be registered under the proviso ... which is used as evidence of any collateral transaction not required to be
effected by a registered instrument.
11. What is a collateral transaction
Nestle India Limited
and Nestle India Limited was to be given 'collateral security' by the
modality of the plaintiff opening a bank account ... deposited the subject six cheques and which were to remain as
'collateral security' for the dealings of the plaintiff with Nestle India
Limited
