NARANDAS MORARDAS GAZIWALA & ORS. vs S. P. AM. PAPAMMAL & ANR.

The Supreme Court held that while an agent does not have a statutory right to sue a principal for accounts, equitable circumstances may allow such a suit if the principal possesses all relevant accounts. The Court ruled that the agent was entitled to sue for accounts in this case due to the lack of access to necessary information. Furthermore, the Court clarified that an oral agreement preventing the enforcement of a promissory note until certain conditions were met could be proved under the third proviso of Section 92 of the Indian Evidence Act, 1872.