What are the advantages and disadvantages of caveat emptor?

Answer 1

Caveat is a two line application addressed to the registrar, filled in any of the High Court or Supreme Court of India mentioning the details of any matter which is instituted or expected to be instituted in a suit/appeal/proceeding before the said court where the applicant/caveator request that no order with regard to the said matter may be passed without giving notice to the applicant/caveator. The advantage of such application/caveat is to avoid any ex-parte order in any matter which the other party may try to get at the time of filling the matter in any of the courts. Not much a cost is involved in filling of caveat apart from the cost for sending the notice & copies of the petition/application and/or papers/documents in support of this petition/application of the matter against which this caveat was lodged to the caveator i.e. you & the professional fee of the advocate in filling this caveat which you will have to bear.