Due diligence - Indian Laws - General

Word Due diligence According to Oxford Dictionary (Edition 2006), The word diligence means careful and persistent application or effort. Diligent means careful and steady in application to one s work and duties, showing care and effort. As per Black s Law Dictionary (Eighth Edition), Diligence mean a continual effort to accomplish something, care; caution; the attention and care required from a person in a given situation. Due diligence means the diligence reasonably expected from, and ordinarily exercised by, a person who seeks to satisfy a legal requirement or to discharge an obligation. According to Words and Phrases by Drain-Dyspnea (Permanent Edition 13A) Due diligence , in law , means doing everything reasonable, not everything possible. Due diligence means reasonable diligence; it means such diligence as a prudent man would exercise in the conduct of his own affairs. CHANDER KANTA BANSAL VERSUS RAJINDER SINGH ANAND - 2008 (3) TMI 733 - SUPREME COURT