Supreme Court of India Judgments on Hire Purchase Agreement

Supreme Court of India Judgments on Hire Purchase Agreement 


  “Hire purchase agreements are agreements whereby an owner of goods allows a person, the hirer, to hire goods from him for a period of time by paying installments. The hirer has an option to buy the goods at the end of the agreement if all installments are being paid. This is not a contract of sale but contract of bailment as the hirer merely has an option to buy the goods. Although the hirer has the right of using the goods, he is not the legal owner during the term of the agreement.”

1. Anup Sarmah v. Bhola Nath Sharma, 2012 (4) ACC 697

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2. Charanjit Singh Chadha v. Sudhir Mehra, AIR 2001 SC 3721 : JT 2001 (7) SC 226 : (2001) 7 SCC 417  

3. K.A. Mathai @ Babu v. Kora Bibbikutty, (1996) 7 SCC 212

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4. Sardar Trilok Singh v. Satya Deo Tripathi, AIR 1979 SC 850

5. Sundaram Finance Ltd. v. State of Kerala, AIR 1966 SC 1178 : 1966 (2) SCR 828

6. K.L. Johar & Co. v. The Deputy Commercial Tax Officer, Coimbatore III, AIR 1965 SC 1082 : 1965 (1) SCR 112

7. Instalment Supply (Private) Ltd. v. Union of India, AIR 1962 SC 53 : 1962 (2) SCR 644

8. Damodar Valley Corporation v. State of Bihar, AIR 1961 SC 440 : 1961 (2) SCR 522

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