Search Results for "Loan Recovery"

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Search Results for "Loan Recovery"

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High Court

Bombay High Court Allows SFC Petition for Recovery of Loan Under Section 31(1)(aa) of SFC Act — Default by Borrower Company and Guarantor. The court held that the petitioner, a deemed State Financial Corporation, is entitled to recover the loan amount with interest from the respondent company and the guarantor, and the secured properties can be sold for recovery.

25 Apr 2005

The petitioner, SICOM Limited, a deemed State Financial Corporation under Section 46 of the State Financial Corporation Act, 1951, filed a petition un...

High Court

Bombay High Court Allows Cooperative Bank's Petition Against Setting Aside of Ex Parte Award Against Principal Borrower. Principal Borrower Cannot Participate in Proceedings Without Depositing Loan Amount.

2 May 2019

The case involves two writ petitions filed by Rupee Cooperative Bank Limited against Vijaya Paints Pvt. Ltd. and others. The bank had obtained an ex p...

High Court

Bombay High Court Quashes Abetment to Suicide Case Against Lenders Due to Lack of Instigation. Suicide Note Did Not Mention Applicants; Mere Loan Recovery Not Sufficient to Attract Section 306 IPC.

29 Mar 2019

The applicants, Imran Khan and Gulnaz Khan, were lenders who had advanced money to the deceased, Jugram Lanjewar. Jugram committed suicide by hanging ...

High Court

Bombay High Court Dismisses Petition Challenging Arbitral Award in Favor of Liquidator in Loan Recovery Dispute. Breach of Compromise Scheme of Settlement Leads to Revival of Original Award Under Multi State Co-operative Societies Act, 2002.

25 Mar 2019

The case involves a challenge to an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996. The petitioner, the liquidator of M...

High Court

Gujarat High Court Quashes FIR in Abetment of Suicide Case Due to Absence of Instigation. Loan Recovery Dispute Not Sufficient to Attract Section 108 BNS Without Evidence of Intentional Aiding or Abetting.

12 Mar 2026

The present application under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (BNSS) was filed by the applicant-accused, Ashokbhai Bhakabh...

High Court

High Court of Karnataka Dismisses Writ Petition of Cooperative Bank Challenging Loan Recovery Orders. Court upholds government and registrar orders directing recovery, finding no violation of natural justice or statutory provisions under the Karnataka Cooperative Societies Act, 1959.

7 Feb 2019

The petitioner, South Canara District Co-operative Bank Ltd., a district cooperative bank responsible for distributing agricultural credit funds from ...

High Court

High Court of Karnataka Dismisses Writ Petition Challenging Order Setting Aside Ex Parte Decree in Loan Recovery Suit — Petitioner Failed to Show Sufficient Cause for Non-Appearance.

7 Mar 2019

The petitioner, Siddappa Savadi, filed a suit (O.S. No. 175/1995) for recovery of a loan amount of Rs. 1,80,000 against the respondents. The suit was ...

High Court

Bombay High Court Quashes FIR in Abetment of Suicide Case Due to Absence of Instigation or Proximate Link. Allegations of harassment for loan repayment do not constitute abetment under Section 306 IPC as there was no direct instigation or active role in driving the deceased to suicide.

11 Jan 2024

The judgment pertains to a criminal writ petition and two criminal applications filed before the Bombay High Court, Nagpur Bench, seeking quashing of ...

High Court

Karnataka High Court Dismisses Writ Petition in Commercial Loan Matter; Bank's Prudential Decision Upheld. Court rules that the communication of a commercial bank rejecting a borrower's request under a credit guarantee scheme does not attract the strict requirement of reasons applicable to statutory authorities, and the scope of judicial review under Article 226 is limited to cases of statutory violation, unfairness, or mala fides.

4 Oct 2021

The first petitioner, Traegen Systems Private Limited, an MSME enterprise engaged in the business of musical instruments and audio equipment, availed ...

High Court

Bombay High Court Dismisses Revision Application Challenging Execution of Arbitral Award, Rejecting Argument that Only Debt Recovery Tribunal Had Jurisdiction. Arbitral Award for Loan Recovery Upheld as Respondent Finance Company Not Notified as Financial Institution Under Section 2(h) of Recovery of Debts Due to Banks and Financial Institutions Act, 1993, and Therefore Section 18 Did Not Oust Arbitrator's Jurisdiction.

2 Aug 2011

The dispute arose when the petitioners borrowed money from the respondent and failed to repay, leading the respondent to invoke arbitration under the ...

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