Search Results for "credit facility"

491 result(s) found

Scroll Down To Discover

Found 491 result(s)

© Image Copyrights Juris Services & Technology

Madras High Court Dismisses Bank's Challenge to Sales Tax Recovery, Holds Crown Debt Prevails Over Bank's Lien. Priority of State's statutory dues under Section 26 of Tamil Nadu General Sales Tax Act, 1959 over bank's contractual lien on fixed deposits is upheld.

The petitioner, Oriental Bank of Commerce, a public sector bank, had extended credit facilities including packing credit and overdraft to the third re...

© Image Copyrights Juris Services & Technology

Supreme Court Dismisses Appeal of Suspended Director Against Admission of Insolvency Petition by Canara Bank Under Section 7 of IBC. Held that a suspended director has no locus standi to challenge the admission of a Section 7 application as the corporate debtor is the proper party.

The case involves an appeal by M. Suresh Kumar Reddy, claiming to be a suspended director of M/s Kranthi Edifice Pvt. Ltd. (corporate debtor), against...

© Image Copyrights Juris Services & Technology

Supreme Court Dismisses Appeal of Chief Manager Convicted for Bank Fraud Involving Fake Transport Receipts and Invoices. Conviction under Sections 420, 468, 471 IPC and Prevention of Corruption Act Upheld Based on Documentary Evidence.

The Supreme Court dismissed the criminal appeal filed by Mayank N Shah, accused no.4, challenging his conviction and sentence for offences under Secti...

© Image Copyrights Juris Services & Technology

High Court of Karnataka Allows Appeal Against CESTAT Order in Service Tax Case — Limitation Bar Not Applicable. The court held that the Tribunal erred in dismissing the appeal on limitation grounds when the appeal was filed within the prescribed period under Section 85 of the Finance Act, 1994.

The petitioner, M/s. Practice Strategic Communications India Private Limited, a company providing management services, was issued a show cause notice ...

© Image Copyrights Juris Services & Technology

High Court of Karnataka Hears Appeal Against Conviction Under Prevention of Corruption Act for Alleged Bribery. Accused Program Executive Convicted Under Sections 7 and 13(2) r/w 13(1)(d) for Demanding and Accepting Bribe of Rs.20,000.

The appeal before the High Court of Karnataka arose from the conviction of the appellant, a former Program Executive at Doordarshan Kendra, Bangalore,...