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Erastotenes Plato   08 January 2023

Court awarded cost for wronful caveat

Blessings Learned Elders

I will do my best to explain myself with no riddles. Are there any guidelines or case law for costs awarded for a wrongful caveat?  Meaning a caveat is placed on a property unlawfully, and would like to claim the following:

1) Loss on sale (evidence of clients who offer to purchase the property but cannot sell due to caveat

2) Effect on a business as the property was already caveated with a bank for funding for use in a business hence the placing of the caveat affecting the operations of the business, as the sale of the property would be used as capital for the business. Evidence of suppliers, evidence of financial statements of business

 



Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     09 January 2023

if it is established that the caveat was filed wrongly, it will be removed from the register. Additionally, a court may charge you to repay any financial loss undergone by any individual due to your false caveat.


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