https://www.taxtmi.com/caselaws?id=273599 Machinery fixed to a mill premises remained movable property where the mode of annexation and the parties' intention showed it was not attached for permanent beneficial enjoyment of the immovable property; the hypothecation was therefore valid without a registered mortgage. Applying the same principle, the contract rate of interest at 11 per cent per annum with quarterly rests was upheld because there was no evidence of unconscionability, abnormality, or oppression. The decree was modified to recognise the bank's charge over the hypothecated movables and to sustain the agreed interest. en-us Wed, 18 Dec 1974 00:00:00 +0530 Wed, 04 Jul 2018 12:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273599 Machinery fixed to a mill premises remained movable property where the mode of annexation and the parties' intention showed it was not attached for permanent beneficial enjoyment of the immovable property; the hypothecation was therefore valid without a registered mortgage. Applying the same principle, the contract rate of interest at 11 per cent per annum with quarterly rests was upheld because there was no evidence of unconscionability, abnormality, or oppression. The decree was modified to recognise the bank's charge over the hypothecated movables and to sustain the agreed interest. Case-Laws Indian Laws Wed, 18 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273599