Blogs about: Rule 72
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72 Names (Hallelujah) Day 29 : What is an Investment – the 72 Rule an Interview with Wealth manager at Collins Stewart
A few days ago I woke up and like it was from heaven I saw an article on the BBC News website http://www.bbc.co.uk/news/magazine-14217443 The article was by Michael Blastland talking about the number… more →
Tallyland
Return Comparison: Unit Trust,ASB,Fixed Deposit,EPF,Insurance,Tabung Haji,Saving Account
wrote 1 year ago: Return comparison using Rule 72 – How long it will took for your money to double *The example … more →
Flyers, Lightning and enforcing "continuous action"
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wrote 1 year ago: By now, every hockey fan has seen the spectacle of the Flyers-Lightning game last Wednesday, in whic … more →
Civil Procedure Code (Act V of 1908), Order XXI, rules 84 and 85-Provisions requiring deposit of 26 per cent of- purchase money immediately after sale and payment of balance within 15 days of the sale-Whether mandatory-Non-compliance with such provisions-Legal effect thereof on sale--Inherent powers-Whether can be exercised-Civil Procedure Code-order 21, rule 72-Decree-holder not to bid for or purchase property without permission-This provision directory. = Held, that the provisions of rules 84 and 85 of Order XXI of the Code of Civil Procedure requiring the deposit of 25 per cent of the purchase money immediately on the person being declared as a purchaser and the payment of the balance within 16 days of the sale are mandatory and if these provisions are not complied with there is no sale at all. Non-payment of the price on the part of the defaulting pur- chaser renders the sale proceedings as a complete nullity. The inherent powers of the Court cannot be allowed to cir- cumvent the mandatory provisions of the Code and relieve the purchasers of their obligation to make the deposit. 109 Under Order XXI, rule 72, of the Code of Civil Procedure a decree-holder cannot purchase property at the Court-auction in execution of his own decree without the express permission of the. Court and that when he does so with such permission, he is entitled to a set-off, but if he does so without such permission, then the court has a discretion to set aside the sale upon the application by the judgment- debtor, or any other person whose interests are affected by the sale. As a matter of pure construction this -provision is directory and not mandatory. Rai Radha Krishna and Others v. Bisheshar Sahai and Others (49 1. A. 312), Munshi Md. Ali Meah v. Kibria Khatun (15 Weekly Notes (Cal.) p. 350) Sm. Annapurna Dasi v. Bazley Karim Fezley Moula (A.I.R. 1941 Cal. 85), Nawal Kishore and Others v. Buttu Mal and Subhan Singh (I.L.R. 57 All. 658), Haji Inam Ullah v. Mohammad Idris (A.I.R. (30) 1943 All. 282), Bhim Singh v. Sarwan Singh (I.L.R. 16 Cal. 33),Nathu Mal v. Malawar Mal and Others (A.I.R. 1931 Lah. 15) and A.B. Davar v. Thinda Ram (A.I.R. 1938 Lah. 198) referred to:
wrote 1 year ago: Image via Wikipedia PETITIONER: MANILAL MOHANLAL SHAH AND OTHERS Vs. RESPONDENT: SARDAR SAYED AHMED … more →
72 Names (Hallelujah) Day : 29 What is an Investment? - The 72 Rule an Interview with Wealth manager at Collins Stewart
wrote 1 year ago: A few days ago I woke up and like it was from heaven I saw an article on the BBC News website http:/ … more →
72 Names (Hallelujah) Day 29 : What is an Investment - the 72 Rule an Interview with Wealth manager at Collins Stewart
wrote 1 year ago: A few days ago I woke up and like it was from heaven I saw an article on the BBC News website http:/ … more →
Rule 72: Subject Matter & Applicability of General Rules
wrote 3 years ago: RULE 72 : SUBJECT MATTER AND APPLICABILITY OF GENERAL RULES Sec. 1. Subject matter of special procee … more →
What is the 'Rule of 72'?
wrote 4 years ago: The ‘Rule of 72‘ is a simplified way to determine how long an investment will take to do … more →
