Yahoo India Web Search

Search results

  1. May 13, 2021 · The indemnifier has a right to get the title of the goods after the settlement and has the right to sue the third party claiming the damages. It is the duty of indemnifier to indemnify promisee against damages, cost and all sums in any suit of a matter where the former promised the latter to indemnify him.

  2. Apr 8, 2023 · These rights include the right to seek reimbursement for losses or damages incurred, the right to defend legal proceedings, the right to demand contribution from co-indemnifiers, and the right to terminate the indemnity agreement under certain circumstances.

  3. Jun 24, 2022 · While the rights of an indemnifier are not defined anywhere in the Indian Contract Act, the rights of an indemnity holder are wide as has been described under Section 125 of Indian Contract Act. The rights of an indemnifier become like those of a surety under a contract of guarantee.

    • Rachit Garg
  4. Jun 11, 2024 · The rights of the indemnifier are vital for maintaining fairness and balance in indemnity contracts. Understanding these rights ensures that indemnifiers are protected and can seek appropriate redress after fulfilling their obligations.

  5. Jun 23, 2024 · Section 124 of the Indian Contract Act explicitly defines indemnity as a contract by which one party promises to save the other from any loss caused to him by the conduct of the promisor himself or by the conduct of any other person.

  6. Jul 3, 2023 · Section 125 of the Indian Contract Act, 1872, enumerates the rights of the indemnity holder, which the indemnifier is obligated to fulfil. These rights include: Right to recover damages (Section 125(1)): The indemnity holder has the right to claim reimbursement for the damages suffered.

  7. Sep 16, 2022 · Section 125 of the Indian Contract Act, 1872, confers some rights to the indemnity holder and are to be fulfilled by the indemnifier and these rights include-Right to recover damages (Section 125(1)) Right to recover the costs incurred (Section 125(2)) Right to recover sums paid during compromise (Section 125(3))

  1. Searches related to rights of indemnifier

    rights of indemnity holder