Asset Reconstruction Company (India) Limited Rep. by Its Vice President Vs. the Official Liquidator, High Court as the Liquidator of Siv Industries Ltd. (In Liquidation)

Decided On : Apr-18-2006

Court : Chennai

LAW: Section 3(1)(o, Section 20(1, Section 20(4, Section 20(4, Section 529-A, the Companies Act, the Securitisation Act, the Companies Act, Section 3 of the Securitisation Act, Section 5, the Securitisation Act, the Securitisation Act, Securitisation Act, Securitisation Act, Section 457, the Companies Act, Section 13(9, the Securitisation Act, the Securitisation Act, the Securitisation Act, Section 9, the Securitisation Act, the Companies Act, Section 37 of the Securitisation Act, Section 456 of the Companies Act, Section 457(2)(v, the Companies Act Official, the Securitisation Act, the Companies Act, the Securitisation Act, Section 17, Section 17, Chapter V of the Report, the Securitisation Act, the Securitisation Act, Section 13, Section 69, Section 69-A of the Transfer of Property Act, Section 17, Section 17-A., Section 529-A of the Companies Act, Section 529 of the Companies Act, Section 529-A of that Act, Section 529-A of the Companies Act, Securitisation Act, Section 15, Section 15: Reference, Section 5, Section 13, Section 424-A of the Companies Act, Section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, the Recovery of Debts Act, Section 529-A of the Companies Act, Section 529-A of the Companies Act, Section 529-A of the Companies Act, Section 529-A of the Companies Act, Section 529-A, Section 529(1, the Companies Act, Section 529(1, Section 529-A of the Companies Act, the Recovery of Debts Act, the Companies Act, the Recovery of Debts Act, the SFC Act, Section 31, Section 529-A of the Companies Act, the SFC Act, Section 529-A of the Companies Act, the Companies Act, the SFC Act, the Recovery of Debts Act, Section 529-A, Section 529 of the Companies Act, Section 530, Section 31, the Official Liquidator or the Liquidator, Section 31, the Official Liquidator or the Liquidator, Section 29, Section 529-A and Section 529, the Companies Act, the Official Liquidator or the Liquidator, Section 13 of the Securitisation Act, Section 529-A, the Companies Act

PERSON: A.P. Shah, A.L.Somayaji, Canara Bank, Anr, Arvind P.Datar, Datar, Datar, Datar, Banks, Banks, Shri Tiwari, Andhyarujina, Act.10, Canara Bank, Canara Bank, Debts Recovery Tribunal

ORG: Asset Reconstruction, Financial Assets and Enforcement of Security Interest Act, SIV Industries Limited, the Sick Industrial Companies (Special Provisions) Act, SIV Industries Limited, SIV Industries Limited, the Company Court, Asset Reconstruction Company, the Assets Sale Committee, the Company Court, the Company Court, the High Court, the Company Court, the Company Court, the Company Court, Learned Senior Counsel, the Supreme Court, Rajasthan State Financial Corporation, ICICI Bank Limited, inter alia, an Assets Reconstruction Company, Sale Committee, Company Court, DRT, the Company Court, the Assets Reconstruction Company, Assets Reconstruction Companies, the Supreme Court, Mardia Chemicals Limited v. Union of India, DRT, Mardia Chemicals, the Supreme Court, the Narasimham Committee, Financial System, Capital Adequacy, Accounting Policies, Related Matters', the Reserve Bank of India, Committee, the Reserve Bank of India, Committee, Committee, the Government of India, Assets Reconstruction Fund, Special Tribunals, Committee, Committee, The Tiwari Committee, inter alia, Committee, the Narasimham Committee, Narasimham Committee, Court, Committees, the Narasimham Committee, Committee, the Recovery of Debts Due to, Civil Court, the Appellate Tribunal, Court, Court, the Debts Recovery Tribunal, the Court of District, namely:-(a, the Debts Recovery Tribunal, Court, the Board of Directors, Board, the Board of Directors, the Board of Directors, the Board of Industrial and the Financial Reconstruction, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, the Board for Industrial & Financial Reconstruction, the Board of Directors, Tribunal, Tribunal, the Central Government, Tribunal, Government Company, Tribunal, the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Ordinance, the Supreme Court, the Debts Recovery Tribunal, the Company Court, The Supreme Court, the Debts Recovery Tribunal, the Company Court's, the Company Court, the Debts Recovery Tribunal, the Recovery of Debts Act, Court, the Recovery of Debts Due to, the Recovery of Debts Act, Recovery Tribunal, Court, the Debts Recovery Tribunal, Clauses, Court, Court, the Debts Recovery Tribunal, Rajasthan State Financial Corporation, the Supreme Court, State Financial Corporation, the State Financial Corporations Act, The Supreme Court, the State Financial Corporation, Company Court, Company Court, the Company Court, the Recovery Tribunal, Company, the Company Court, The Company Court, Court, the High Court, International Coach Builders Ltd., Karnataka State Financial Corporation, the Company Court, the Company Court, the Company Court, International Coach Builders Ltd., The Debts Recovery Tribunal, the District Court, the Company Court, District Court, the Company Court, the Company Court, Court, the Company Court, the Rajasthan State Financial Corporation Case, the Debts Recovery Tribunal, the Company Court, the Supreme Court, Rajasthan State Financial Corporation Case, the Company Court, Court, ITCOT Consultancy Services, Chennai, the Rajasthan State Financial Corporation Case

DATE: 2002, 1985, 25.09.2003, 1956, 24.09.2003, 1991, at least two quarters, more than 180 days, 1992, 1993.Section 35, 1882, sixty days, one week, 1956, 1956, 1956, sixty days, the financial year, sixty days, 2002, 2002, 1956, 2004, 2002, 1993, 1993, 1985, 1951, 1993, 1993, 1993, 1993, 18

FAC: South India Viscose Limited, Sections 442

CARDINAL: 28.04.2004, 21.02.2005, two, 712, 713, 2000]2SCR1102, one, 36, One, 34 and 35, 34, 8., 13, 1, 2, 2, 3-A, 2, 4, 2, one, 4, 6, 4, 4, more than one, 4, less than three-fourth, 1, less than three-fourth, 4, one, 2, 1, 1, less than three, 4, 1, three, 4, three, 4, 2002.11, 2000]2SCR1102, 537, 446, 537, 466, 529, 529, 17 and 18, 17, 2000]2SCR1102, 2003]2SCR631, 529, 18, 529, 14, 2

LOC: Liquidator, the Companies Act.12, Liquidator, Liquidator

GPE: liquidation.3, Allahabad Bank, India, NPAs, Clause, borrower.(11, Allahabad Bank, Allahabad Bank

ORDINAL: second, firstly, secondly, second, first, fourth, fourth

PERCENT: 75%

EVENT: the Second Report

PRODUCT: Sections 442, Liquidator, Recovery Officer