We are unable to agree with the contention of Mr.
Rohit Kapadia and Mr. Pradeep Sancheti, the learned
senior counsel appearing on behalf of the respondents.
The suit bonds in the instant case are movable properties
which are capable of being possessed. The definition of
the term movable property can be found in Section 3(36)
of the General Clauses Act, 1897 which reads thus-
“movable property, shall mean property of every
description, except immovable property.”
A reading of the sub-Section of the above provision makes
it clear that everything that is not immovable is
5 (2006) 6 SCC 94, para 84
movable, and thus the suit bonds in the instant case are
specific moveable property to which Article 91(a) of the
Limitation Act applies.
REPORTABLE
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NOS.9540-9541 OF 2010
STANDARD CHARTERED BANK …………APPELLANT
Vs.
ANDHRA BANK FINANCIAL SERVICES LTD & ORS. ……RESPONDENTS
Citation;AIR 2015 SC3530
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Rohit Kapadia and Mr. Pradeep Sancheti, the learned
senior counsel appearing on behalf of the respondents.
The suit bonds in the instant case are movable properties
which are capable of being possessed. The definition of
the term movable property can be found in Section 3(36)
of the General Clauses Act, 1897 which reads thus-
“movable property, shall mean property of every
description, except immovable property.”
A reading of the sub-Section of the above provision makes
it clear that everything that is not immovable is
5 (2006) 6 SCC 94, para 84
movable, and thus the suit bonds in the instant case are
specific moveable property to which Article 91(a) of the
Limitation Act applies.
REPORTABLE
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NOS.9540-9541 OF 2010
STANDARD CHARTERED BANK …………APPELLANT
Vs.
ANDHRA BANK FINANCIAL SERVICES LTD & ORS. ……RESPONDENTS
Citation;AIR 2015 SC3530
