Search Results for "term loan instalments"

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Search Results for "term loan instalments"

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Supreme Court

Supreme Court Hears Civil Appeal on the Scope of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 Overriding the Transfer of Property Act, 1882 in a Pre-Existing Asset Sale Agreement. The AAIFR Ruled That Section 22A Does Not Apply to Pre-Existing Agreements, and the Supreme Court Was to Determine the Correctness.

1 Aug 2026

The Supreme Court heard a civil appeal arising from orders passed by the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) conce...

High Court

Madras High Court Allows Appeal by Financial Corporation in Guarantor Liability Case — Equitable Mortgage by Deposit of Title Deeds Valid Under Section 58(f) of Transfer of Property Act, 1882. Guarantor's Liability Under Section 31(aa) of State Financial Corporation Act, 1951 Upheld Despite Absence of Registered Mortgage Deed.

2 Apr 2026

The appellant, Tamil Nadu Industrial Investment Corporation Limited, a public financial institution, filed an appeal under Order XXXVI Rule 1 of O.S. ...

Supreme Court

Supreme Court Reverses High Court Judgment in SARFAESI Act Case Due to Non-Compliance and Limitation. Bank's Auction Sale Upheld as Borrower's Challenge Was Time-Barred and Requests Did Not Trigger Statutory Obligations Under Section 13(3A) of SARFAESI Act, 2002.

3 Dec 2021

The dispute arose from proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SAR...

High Court

Bombay High Court Dismisses Section 9 Arbitration Petition Against Guarantors Due to Lack of Privity of Contract. Guarantee Deed Not Signed by Petitioner, No Arbitration Agreement Between Petitioner and Respondents.

31 Jan 2020

The petitioner, L&T Finance Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim relief against the...

High Court

High Court of Karnataka Dismisses Petitions Challenging Rejection of Nomination Papers for Rajya Sabha Elections. Filing of Nomination by Proposer Who is Not an Elector in the State Renders Nomination Invalid Under Section 33(1) of the Representation of the People Act, 1951.

17 Sep 2014

The petitioners, who were candidates for election to the Rajya Sabha from Karnataka, challenged the rejection of their nomination papers by the Return...

High Court

Bombay High Court Allows Appeal in Negotiable Instruments Act Case — Acquittal Set Aside Due to Improper Appreciation of Evidence. Dishonour of Cheque for Investment in Business Partnership Attracts Section 138 NI Act Liability Despite Dispute Over Debt Legality.

10 Sep 2012

The appellant, Sheikh Shabbir, filed a criminal appeal against the judgment of the Judicial Magistrate, First Class, Vasco-da-Gama, acquitting the res...

High Court

Bombay High Court Dismisses Petition Challenging Forfeiture of Properties under SAFEMA. Detention Order Under COFEPOSA Validly Triggers SAFEMA Proceedings Despite Non-Execution of Detention and Redemption of Confiscated Currency.

27 Jul 2011

The petitioner, Smt. Yamini S. Bhagwanji, challenged the forfeiture of three immovable properties and certain bank accounts under the Smugglers and Fo...

High Court

Bombay High Court Allows Financial Institution to Recover Debt Under IRBI Act, 1984 — Rejects Borrower's Challenge to Section 13(1) Notice. Court holds that notice under Section 13(1) of the Industrial Reconstruction Bank of India Act, 1984 is valid and enforceable, and the borrower's objections regarding limitation and non-compliance are not sustainable.

7 Jun 2005

The petitioner, Industrial Investment Bank of India Ltd., a financial institution under the Industrial Reconstruction Bank of India Act, 1984, filed a...

High Court

Bombay High Court Allows MSFC Petition Under SFC Act for Recovery of Loan Against Borrower and Guarantors — Personal Guarantors Cannot Escape Liability Despite Company's Sickness. The court held that the liability of personal guarantors under Section 31 of the State Financial Corporation Act, 1951 is independent of the borrower's financial condition.

28 Feb 2005

The Maharashtra State Financial Corporation (MSFC) filed a Miscellaneous Petition under Sections 31, 31(1)(aa), and 32 of the State Financial Corporat...

Supreme Court

Supreme Court Examines Whether Bihar Government Scheme Can Impose Housing Obligation on Employer in Industrial Dispute. The Industrial Tribunal and Labour Appellate Tribunal Had Upheld the Demand for Quarters, Directing Construction of 15 Units Under the Scheme.

23 Apr 1959

The case arose from an industrial dispute between The Patna Electric Supply Co., Ltd. and its Workers’ Union regarding the demand for housing quarte...

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