When Can a Registered Sale Agreement Be Proved as Mere Security for a Loan, and What Relief May Follow?
Registered sale agreements may be proven, by oral and documentary evidence, as executed only as security for a loan transaction—not for genuine sale—if the surrounding circumstances and conduct of parties so indicate. The Madras High Court affirms and applies Supreme Court precedent, thereby upholding existing law on the admissibility of oral evidence to challenge the […]