https://www.taxtmi.com/caselaws?id=358804 The plaintiffs successfully sought recovery of wrongfully transferred funds from their father's demat accounts in a case against the defendant. The defendant's actions led to an FIR and a subsequent settlement through an MOU, where the defendant admitted liability but failed to fulfill payment obligations. The court upheld the validity of the MOU despite the defendant's arguments, dismissed the defendant's application for leave to defend, and awarded the plaintiffs interest on the outstanding amount from the date of each bounced cheque presented. en-us Fri, 13 Apr 2018 00:00:00 +0530 Thu, 19 Apr 2018 05:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358804 The plaintiffs successfully sought recovery of wrongfully transferred funds from their father's demat accounts in a case against the defendant. The defendant's actions led to an FIR and a subsequent settlement through an MOU, where the defendant admitted liability but failed to fulfill payment obligations. The court upheld the validity of the MOU despite the defendant's arguments, dismissed the defendant's application for leave to defend, and awarded the plaintiffs interest on the outstanding amount from the date of each bounced cheque presented. Case-Laws Indian Laws Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358804