Supreme Court · 1990 INSC 290 · Decided 18 September 1990
U. Ponnappa Moothan Sons, Palghat v. Catholic Syrian Bank LTD. and Others
- Court
- Supreme Court of India
- Citation
- 1990 INSC 290 · [1990] SUPP. 1 S.C.R. 542
- Case number
- CIVIL APPEAL No. 183/1984
- Decided
- 18 September 1990
- Bench
- J.S. VERMA, K. JAYACHANDRA REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- NI Act Section 9
Headnote
c D E G H Negotiable Instruments Act, 1881-Section 9---'Holder in due course' -No defect in the title of the transferor-Requirement of. What is the true meaning and scope of the expression 'holder in due course' as defined in Section 9 of the Negotiable Instruments Act, 1881, was the question that upon the pleading of promissory note and other title deeds relating to her property by Defendant No. 5, (mother of Defen­ dants 2 to 4) in favour of the respondent Bank as security, thereby creating an equitable mortgage, the respondent Bank allowed credit facilities like accommodation by
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