Running Account Essentials Explained

Summary

In commercial cases, a running account involves continuous transactions, mutual debits and credits, and a single, indivisible account with periodic balance calculations. Relevant case laws include Jairam Valji vs. Trikam Narsey, Hukumchand Mills Ltd. Vs. State of Madhya Pradesh, and Jagadamba Papers Ltd. Vs. State of Haryana. Recent Supreme Court judgments include Vikash Kumar v. Union Public Service Commission, Arun Gopalakrishnan v. State of Kerala, and Joseph Shine v. Union of India.

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provide me some case laws in this regard
Here are some case laws related to running accounts in commercial cases:
- **Jairam Valji vs. Trikam Narsey (AIR * PC *)**: This case discusses the essentials of a running account and how mutual debits and credits form a single, indivisible account.
- **Hukumchand Mills Ltd. vs. State of Madhya Pradesh (AIR * SC *)**: Covers the nature of continuous transactions and the periodic calculation of balances.
- **Jagadamba Papers Ltd. vs. State of Haryana (*) * SCC ***: Discusses the treatment of running accounts in commercial contexts.
Would you like more specific details on any of these cases?
give me recent judgements of sc
Here are some recent Supreme Court judgments from India:
- **Vikash Kumar v. Union Public Service Commission (*)**: This case addressed the rights of disabled candidates in competitive exams.
- **Arun Gopalakrishnan v. State of Kerala (*)**: Reviewed issues related to medical negligence and compensation.
- **Joseph Shine v. Union of India (*)**: Dealt with decriminalization of adultery in India.
Would you like to know more details about any specific case?