https://www.taxtmi.com/caselaws?id=200248 An equitable mortgage was held to have been created only over the Banmankhi properties, based on delivery of title deeds at Calcutta, so the suit founded on the 1953 mortgage transaction was within limitation; the Rupouli properties were not included. On the pledge dispute, after sale of pledged goods under the Contract Act, the pawnee was required to act with reasonable diligence and keep the pawnor informed. The Bank's unilateral compromise with the purchaser, refund of the price, and related claims for shortage, insurance and litigation expenses could not be shifted to the defendants, and fraud was not proved. The decree was therefore confined to the recoverable mortgage and pledge amounts. en-us Tue, 05 Nov 1968 00:00:00 +0530 Sat, 24 Mar 2018 12:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200248 An equitable mortgage was held to have been created only over the Banmankhi properties, based on delivery of title deeds at Calcutta, so the suit founded on the 1953 mortgage transaction was within limitation; the Rupouli properties were not included. On the pledge dispute, after sale of pledged goods under the Contract Act, the pawnee was required to act with reasonable diligence and keep the pawnor informed. The Bank's unilateral compromise with the purchaser, refund of the price, and related claims for shortage, insurance and litigation expenses could not be shifted to the defendants, and fraud was not proved. The decree was therefore confined to the recoverable mortgage and pledge amounts. Case-Laws Indian Laws Tue, 05 Nov 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200248