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IEA S. 115 Estoppel. — When one person has, by his declaration, act or omission, intentionally caused or permitted another person to believe a thing to be true and to act upon such belief, neither he nor his representative shall be allowed, in any suit or proceeding between himself and such person or his representative, to deny the truth of that thing. Estoppel is a rule of evidence which is defined under S.115 of the Indian Evidence Act, 1872. Estoppel is different from Admissions. Admissions are defined under S.17 of the IEA and are statement made against the interests of the maker generally.
The Primary (Urban) Co-operative Banks are required to classify an asset as NPA if the interest and /or instalment of principal remain overdue for a per...
Lenders customarily analyze the creditworthiness of borrower by analysing the 6C’s of Credit, which are:
Which of the following is a key difference between a manager and a leader?
Under the MSMED Act, 2006, which provision allows the Central Government to exempt certain small enterprises from the application of provisions of the A...
A trader purchased certain articles for 155,000. He sold some of articles for 200000. The average percentage of gross margin is 25% on cost. Opening sto...
Which of the following is the governing body for regulating and overseeing SARFAESI Act implementation?
What role do GFCs play in supporting international trade?
Which among the following is NOT a constituent of Tier-II capital of banks according to BASEL Accord?
Which of the following sectors were covered under the National Infrastructure Pipeline?
Sustainable Alternative Towards Affordable Transportation (SATAT) initiative launched in October, 2018 envisages setting up of _________ Compressed Bio...