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Rajiv (Senior Consultant)     07 February 2011

Sale of law suit ?

Can a client sell its ongoing law suit to another for consideration, or on the promise of sharing of the monetary relief from the court, after sharing litigation expenses ? Or in other words, can a case be sold around like a commodity.

Friends I would also refer to TPA's actionable claims here.

Actionable claim, which is not a right to sue, is transferable. How about sale of an ongoing litigation ? To be more specific, a money suit or any civil litigation. (Let me exclude personal law cases like divorce)

I would appreciate your opinion which is based on specific provisions of law which enable or deter this possibility.



 1 Replies

M.S.Bhalerao (advocate)     13 February 2011

for Banks and financial insttutions assetes management companies take over the assetes amd the liabilities for consideration. Is there any security for the money advanced for which recovery suit is filed?

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