Specified sum definition clarifies payment obligations tied to immovable property transfers, including specified advance and banking entities. Defines key terms for mode of payment in relation to transfer of immovable property: banking company (as under the Banking Regulation Act), primary agricultural credit society and primary co-operative agricultural and rural development bank (as defined elsewhere), and specified sum and specified advance as any money receivable, including advances by any name, whether or not the transfer takes place.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified sum definition clarifies payment obligations tied to immovable property transfers, including specified advance and banking entities.
Defines key terms for mode of payment in relation to transfer of immovable property: banking company (as under the Banking Regulation Act), primary agricultural credit society and primary co-operative agricultural and rural development bank (as defined elsewhere), and specified sum and specified advance as any money receivable, including advances by any name, whether or not the transfer takes place.
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