goods stored in the shop and godown of the Complainant stood hypothicated. The shop was getting insured by the Petitioner Bank at the cost ... that of the Complainant to take insurance policy for the hypothicated goods. It is true that the Petitioner had been taking such insurance policy
this fact but policy goes to show that vehicle was subject to hypothication agreement and endorsement of
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hypothication with respondent company is also made ... Even on registration certificate there is a endorsement of hypothication in favour of the respondent and in policy schedule also note of hypothication is endorsed
thus a national income to be gathered from what a hypothical tenant would pay which is to be objectively ascertained on a reasonable basis irrespective
learned counsel for the assessee has submitted that the assessee had hypotheated its stock to bank and has not pledged the stock with the bank
have deposited with you as additional collateral security
to enable us to hypothicate with other
financiers. It is also noted that you
yourself
addition made by the Assessing officer on mere surmise supposition
and on hypothical reasons and without properly appreciating the
submissions and Modus oparendy
amounts advanced under the O.D.H. Account (Over Draft Hypothication Account), against letters of credit, bank guarantees etc. will necessarily involve a determination
respondent no.2 the bank and since the truck in question was
hypothicated with respondent no.2 therefore, respondent no.2 had
filed a civil
present complaint within the pecuniary
jurisdiction of the State Commission, a hypothical assessment
has been made by the complainant which is not supported
Hypothecated bank. It is to be noted that as per the Hypothication Agreement, the Financier namely Canara Bank, Anangady can only be the owner
