https://www.taxtmi.com/caselaws?id=302299 A suit for redemption of pledged shares of a limited company was treated as governed by the court-fees provision for possession of documents of title, because the shares were regarded as documents of title within that provision. The transaction was held to be a pledge, not a mortgage of movables, so the valuation rule for ordinary movable property and the rule for redemption of a mortgage did not apply. Court-fee was therefore payable on the higher valuation under the applicable documents-of-title provision, and the revision was allowed with a remand for reassessment of court-fee on the first relief. en-us Tue, 22 Jan 1963 00:00:00 +0530 Sat, 14 May 2022 10:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302299 A suit for redemption of pledged shares of a limited company was treated as governed by the court-fees provision for possession of documents of title, because the shares were regarded as documents of title within that provision. The transaction was held to be a pledge, not a mortgage of movables, so the valuation rule for ordinary movable property and the rule for redemption of a mortgage did not apply. Court-fee was therefore payable on the higher valuation under the applicable documents-of-title provision, and the revision was allowed with a remand for reassessment of court-fee on the first relief. Case-Laws Indian Laws Tue, 22 Jan 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302299