Supreme Court of India
Anup Sarmah v. Bhola Nath Sharma and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the above, the law can be summarised that in D an agreement of hire purchase, the purchaser remains merely a trustee/bailee on behalf of the financier/financial institution and ownership remains with the latter.
Judgment, page 5
From the headnote
Hire-Purchase - Vehicle purchased by petitioner on hire- purchase basis - .Complaint filed by petitioner that the respondents-financier had forcibly taken the custody of the said vehicle - Criminal proceedings initiated against the respondents before the Judicial Magistrate - Quashed by High Court in criminal revision - Justification - Held: In an o agreement of hire purchase, the purchaser remains merely a trustee/bailee on behalf of the financier/financial institution and ownership remains with the latter - Thus, in case the vehicle is seized by the financier, no criminal action can be…
Where later benches applied it
Of those, 1 relied on
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.