https://www.taxtmi.com/caselaws?id=306590 The Privy Council dismissed both the appeal and cross-appeal in a case involving a dispute between Chettiar money-lenders and bankers regarding assignments of interests under mortgages and securities. The court upheld the validity of the assignment, emphasizing the transfer of interests in money recovered from the administration suit. It ruled in favor of the respondents for a share of the proceeds but rejected their claim to a share of the lands. The court applied Article 120 of the Limitation Act, emphasizing the accrual of the right to sue, resulting in no success for either party. en-us Tue, 14 Oct 1930 00:00:00 +0530 Fri, 10 Feb 2023 12:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306590 The Privy Council dismissed both the appeal and cross-appeal in a case involving a dispute between Chettiar money-lenders and bankers regarding assignments of interests under mortgages and securities. The court upheld the validity of the assignment, emphasizing the transfer of interests in money recovered from the administration suit. It ruled in favor of the respondents for a share of the proceeds but rejected their claim to a share of the lands. The court applied Article 120 of the Limitation Act, emphasizing the accrual of the right to sue, resulting in no success for either party. Case-Laws Indian Laws Tue, 14 Oct 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306590