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Case Name : Mallika Vs R. Nallathambi & Ors. (Supreme Court of India)
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Mallika Vs R. Nallathambi & Ors. (Supreme Court of India) 10-Year Silence, Uncancelled GPA & No Proof of Loan Repayment- Supreme Court Upholds Sale Transactions Against Fraud Allegations The Supreme Court dismissed the appeal challenging multiple sale deeds executed through General Powers of Attorney (GPAs), holding that mere allegations that GPAs were executed as security for loans cannot invalidate registered sale transactions in the absence of cogent evidence proving loan repayment, fraud or misuse of fiduciary position. The Court emphasized that the burden initially lies on the per...
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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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