Search Results for "non-performing assets"

38 result(s) found

Scroll Down To Discover

Found 38 result(s)

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Writ Petition Challenging RBI Circular on Resolution of Stressed Assets. Circular dated 12.02.2018 held to be valid and within RBI's powers under Sections 35A and 35AB of the Banking Regulation Act, 1949.

The petitioners, Jayaswal Neco Industries Limited and Jayaswal Holdings Private Limited, filed a writ petition under Article 226 of the Constitution o...

© Image Copyrights Juris Services & Technology

Supreme Court Allows Bank's Appeal Against Confiscation Orders Under Central Excise Act and SARFAESI Act. Commissioner's Use of Omitted Rule 173Q(2) Invalid and SARFAESI Act Grants Priority to Secured Creditors Over Excise Dues.

The appeal arose from a judgment of the Allahabad High Court dismissing a writ petition filed by Punjab National Bank. The bank had extended credit fa...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Revision Against Rejection of Leave to Defend in Summary Suit. Bank Granted Conditional Leave to Defend on Deposit of Rs. 25 Lakhs for Triable Issues Regarding Liability as Mortgagee in Possession Under Order 37 CPC.

The case involves a Civil Revision Application filed by ICICI Bank Limited (the applicant/original defendant No.1) against the order dated 30th June 2...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Challenge to Tender Conditions for Sweeping Contract in Nashik Municipal Corporation — Net Worth and Experience Requirements Upheld. Court holds that Clause 3.2.2 and 3.4.2 of RFQ are not arbitrary or discriminatory and are justified for a long-term public hygiene contract.

The petitioner, M/s. Watergrace Products, a proprietorship firm engaged in solid waste management, challenged certain conditions in a Request for Qual...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Appeal by Decree-Holder in Execution Proceedings, Setting Aside Dismissal as Time-Barred. The court held that filing chamber summons and other applications constituted steps in aid of execution, extending limitation under Article 136 of the Limitation Act, 1963.

The case involves an appeal by Pratap G. Somaiya (the appellant/decree-holder) against an order dismissing his execution application as time-barred. T...