https://www.taxtmi.com/caselaws?id=292806 The expression "other financial obligations" in article 9 of the Indian Independence (Rights, Property and Liabilities) Order, 1947, was read ejusdem generis with "loans" and "guarantees" and confined to obligations of a similar State-finance character. A lease covenant to pay rent was treated as an ordinary contractual liability, not a financial obligation within article 9. Article 8(2) therefore continued to govern the lease, leaving liability for rent outside the displaced successor-State regime. en-us Tue, 24 Nov 1953 00:00:00 +0530 Fri, 08 Jan 2021 12:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292806 The expression "other financial obligations" in article 9 of the Indian Independence (Rights, Property and Liabilities) Order, 1947, was read ejusdem generis with "loans" and "guarantees" and confined to obligations of a similar State-finance character. A lease covenant to pay rent was treated as an ordinary contractual liability, not a financial obligation within article 9. Article 8(2) therefore continued to govern the lease, leaving liability for rent outside the displaced successor-State regime. Case-Laws Indian Laws Tue, 24 Nov 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292806