Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Absence of bill-of-lading endorsement alone doesn't void sale; seller still liable for fees and penalties for 9,000 MT wheat

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The HC held that absence of endorsement on the bills of lading did not automatically vitiate the sale contracts, as the parties were ad idem and no repudiation was pleaded; however, on the evidence the transactions were not proved to have been completed on the high seas because there was no proof of delivery of endorsed bills to the buyers offshore. Consequently the HC set aside the interim order in favour of the petitioner and clarified that the petitioner is liable to pay the market fee and penalty in respect of 9,000 metric tonnes of wheat as directed earlier; the writ petition is disposed of.....