Supreme Court · 2021 INSC 3 · Decided 5 January 2021
Srei Equipment Finance LTD. v. Ramjan Ali & ORS.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 3 · [2021] 1 S.C.R. 36
- Case number
- CRIMINAL APPEAL No. 6/2021
- Decided
- 5 January 2021
- Bench
- ASHOK BHUSHAN, M.R. SHAH, R. SUBHASH REDDY (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
- Acts & sections cited
- IPC Section 364, 392; CrPC Section 482; Motor Vehicles Act Section 55(5)
Headnote
Central Motor Vehicles Rules, 1989: r.61 - Termination of hire purchase agreement - Hire purchase agreement entered into by appellant financier with the original owner/purchaser of vehicle - While registering the vehicle, an entry regarding hypothecation was certificate - Failure on part of original owner to pay instalment of loan - Appellant referred dispute to arbitrator who passed award in favour of appellant for an amount of Rs.25,97,053/- - Subsequently, original owner filed application before the Regional Transport
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