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Financier Continues To Be Owner Of Goods Which Are Subject Of Hire Purchase Agreement Until Hirer Pays All Installments: SC [Read Judgment]

Financier Continues To Be Owner Of Goods Which Are Subject Of Hire Purchase Agreement Until Hirer Pays All Installments: SC [Read Judgment]

The financier continues to be owner of the goods being the subject of hire purchase, until the option to purchase is exercised by the hirer, upon payment of all amounts agreed upon between the hirer...

2 Oct 2020 11:48 AM GMT
Action for ‘theft’ cannot be initiated against banks for re-possessing of hypothecated vehicles under HP agreement: Madras HC [Read Judgment]

Action for ‘theft’ cannot be initiated against banks for re-possessing of hypothecated vehicles under HP agreement: Madras HC [Read Judgment]

The Madras High Court Single Bench Justice S. Vaidyanathan ruled that criminal action cannot be initiated against banks and financial institutions for taking possession of vehicles and other goods...

1 Jan 2016 6:00 AM GMT