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Bombay High Court Dismisses Petition Under Section 31(1)(aa) of SFC Act for Non-Compliance with Pre-Deposit Condition. Court holds that failure to deposit 25% of the amount due under Section 31(7) of the State Financial Corporations Act, 1951 renders the petition not maintainable.

The petitioner, M/s. SICOM Limited, a State Financial Corporation, filed a petition under Section 31(1)(aa) of the State Financial Corporations Act, 1...

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Bombay High Court Upholds Acquittal of Accused in Cheque Dishonour Case Due to Lack of Proof of Debt. Security Cheque for Future Sponsorship Does Not Attract Section 138 of Negotiable Instruments Act, 1881.

The appellant, Smt. Ranju Batra, proprietor of M/s Admark Incorporated, filed two criminal appeals against the acquittal of respondent no. 1, Bhushan ...

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Karnataka High Court Upholds Dismissal of Bank Officer in Disciplinary Proceedings for Reckless Lending and Negligent Compromise of Securities. Non-furnishing of Investigation Report Did Not Prejudice Defence as Charges Were Based on Clear Evidence and Admission.

The appellant, Sri M R Nagarajan, a former Branch Manager of Syndicate Bank (later merged with Canara Bank), was subjected to a disciplinary enquiry o...

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High Court of Karnataka Allows Second Appeal in Injunction Suit — Rejection of Plaint Set Aside. Plaint Discloses Cause of Action and Is Not Barred by Limitation Under Order VII Rule 11(d) CPC.

The appellant, M/s. Shree Garodi Steels, filed a suit for permanent injunction against the respondent, M/s. Yojaka India Private Ltd., in O.S. No. 739...