Owelty

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..... ed between them, but the land not being susceptible of division into exactly equal shares, such payment is required to make the portions respectively assigned to them of equal value. 2. (Owelty of services) ............... 3. Owelty of exchange is a sum of money given, when two persons have exchanged lands, by the owner of the less valuable estate to the owner of the more valuable, to equalize .....

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..... erty has been assigned. The sum thus directed to be paid to make the partition equal is called 'owelty'. It is a lien on the property on account of which it was granted. The law cannot contemplate the injustice of taking property from one person and giving it to another without an equivalent, or a sufficient security for it." PARVATHI AMMA VERSUS MAKKI AMMA - 1961 (8) TMI 38 - KERALA .....

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