Court : Punjab and Haryana
Reported in : (2009)156PLR721
..... tax payer is robbed.34. we are of the view that officials of the bank and the board are public servants within the meaning of section 2(c) of the prevention of corruption act, 1988. therefore, there is need to enquire whether the payment of commission amounting to rs. 1.62 crores to a loan arranger amounts ..... the advisor. he has relied upon a document of the board, which give details of officers and nature of their duties and functions. the duties of the advisor (finance) include preparation of budget, to tie-up resources, arranging loans from financial institutions and government and its servicing. deputy financial advisor -i and accounts officer (loans), another ..... commercial banks. non mobilization of funds directly from the banks resulted in avoidable payment of arrangers fee of rs. 1.62 crore.the management/government stated (june/ august 2007) that the case was kept pending up to 22 august 2005, but, the banks showed their inability to give offers. the reply is not tenable because the .....
Tag this Judgment!Court : Punjab and Haryana
..... of the supply of the copy of the award, from which date the limitation with regard to filing the objection petition under section 34 of the arbitration act was to run, however, it is established in this case that no such copy of award has been supplied to the ..... also charged as compensation for the delayed payment of the installments which was already included in the amount of rs.7,00,000/- as financed to him on 15.7.2005. the compensation as claimed was not within the scope of the arbitration. the admitted facts are that ..... award in the sum of rs.9,14,615/- along with future interest @ 3% per month was passed against him on 7.8.2007 by the arbitrator. f.a.o.no.615 if 2012 (o&m) -2- the respondents filed the execution wherein the appellant was served ..... upon which, the appellant approached the head office where he was insulted and forced to pay the balance installments in lump sum in the year 2007 and interest up to the year 2010. the interest was to be paid @ 8.17% flat (14.50% irr).later on, the .....
Tag this Judgment!Court : Punjab and Haryana
..... , aag, haryana, for the state. mr.anil shukla, advocate, for respondent no.2. vijender singh malik, j. m/s citi corp finance india ltd.and others.the petitioners have brought this petition under the provisions of section 482 cr.p.c.for quashing of complaint not rbt-71-e dated 25.12.2003/30.08.2005 [annexure p2].pending in ..... 2001. according to him, the vehicle was resold on 31.5.2001. he has drawn the attention of the court to the provisions of sections 18 to 20 of the hire purchase act, 1972 (for short, the act .) and it is argued that these provisions have been violated. learned counsel for respondent no.2-complainant has further argued that though, valuation ..... payable by the complainant had been in a sum of rs.3,600/-. according to him, this shows that the amount due was very less and the petitioners had acted in haste in selling the vehicle. replying to the aforesaid submissions, learned counsel for the petitioners has submitted that even if there is no notice of termination of the .....
Tag this Judgment!Court : Punjab and Haryana
..... the academic session 2007-08, the petitioner college was given approval for intake capacity of 100 seats by the national council for teacher education ..... .2. the case of the petitioner is that the petitioner society is a registered society under the societies registration act, 1860 and set up a college called the om college of education, khandrai, tehsil gohana, district sonepat. the college is a private self-financing college of education and does not receive any grant in aid from the state government.2. that for .....
Tag this Judgment!Court : Punjab and Haryana
..... has given undertaking to this effect in her application form. even if no marks were given while declaring the result (p-4).under the head of capability to arrange finance ., it was the duty of the petitioner to give correct facts in the application form. furnishing of false information as per clause 19.2 of the brochure, the ..... the date on which the petitioner had submitted the application form. hon'ble the supreme court in a case of shiv kant yadav versus indian oil corpn and others.2007(4) scc410while examining the issue of mis-statement/mis-representation in the application form for allotment of dealership in the indian oil corporation held that if any factual ..... document cwp no.9351 of 2013 (o&m) -6- allotment is liable to be cancelled. thus the act of the respondents in not giving intent letter to the petitioner, is in accordance with the above said clause. further as per section 17 of the brochure, the field verification of the petitioner was carried out and it was observed that .....
Tag this Judgment!Court : Punjab and Haryana
..... prospectively, we are in disagreement with both these objections. the amendment reads as under:- chandigarh administration finance department notification no.22/2/176-utfi(3)-2008/5412- in exercise of the powers conferred upon him under section 22 of the capital of punjab (development and regulation) act, 1952, the administrator, union territory, chandigarh is pleased to make the following rules further to amend ..... court of punjab and haryana at chandigarh1 cwp no.22368 of 2010 date of decision :21.02.2014 prem lata ...... petitioner versus finance secretary of chandigarh administration and others ...... respondents 2) cwp no.6525 of 2011 ajay kumar ...... petitioner versus finance secretary of chandigarh administration and others ...... respondents coram : hon'ble mr. justice satish kumar mittal hon'ble mr.justice amol rattan .....
Tag this Judgment!Court : Punjab and Haryana
..... has given undertaking to this effect in her application form. even if no marks were given while declaring the result (p-4).under the head of capability to arrange finance ., it was the duty of the petitioner to give correct facts in the application form. furnishing of false information as per clause 19.2 of the brochure, the ..... the date on which the petitioner had submitted the application form. hon'ble the supreme court in a case of shiv kant yadav versus indian oil corpn and others.2007(4) scc410while examining the issue of mis-statement/mis-representation in the application form for allotment of dealership in the indian oil corporation held that if any factual ..... document cwp no.9351 of 2013 (o&m) -6- allotment is liable to be cancelled. thus the act of the respondents in not giving intent letter to the petitioner, is in accordance with the above said clause. further as per section 17 of the brochure, the field verification of the petitioner was carried out and it was observed that .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : AIR1996P& H229; (1996)113PLR17
..... objections filed by respondent m/s. tini tot school in some of the appeals. admittedly, all the cross-objections have been filed along with applications under section 5 of the limitation act seeking condonation of delay.19. the scope of order 41, rule 22 of the c.p.c. is to allow the respondents in an appeal to ..... tot nursery school, panchkula, who is respondent no. 11 in lpa no. 1368 of 1992 has also filed cross-objections along with an application under section 5 of the limitation act for condoning the delay. in the cross-objections an attempt has been made to justify the action of the huda in making the allotment to private respondents ..... land development programmes which can be made self-financing. in order to overcome all these difficulties and to achieve expeditious development of the estate, it has been felt necessary that an urban development authority should be set up.' 24. section 15 of the act authorises the authority under the act to dispose of any land acquired by it or .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : (1994)108PLR527
..... by the registrar of companies. in pursuance of the certificate of incorporation, the petitioner-company was then issued a certificate on april 6, 1987 under section 149(3) of the companies act, 1956 by the registrar of companies whereafter the petitioner-company became entitled to undertake and commence its business. the petitioner-company on april 21, 1987 ..... hisar. it is mentioned in the petition that after the start of the construction work in the unit as the petitioner was not having so much of the finance with, him, he applied through proper channel to the general manager, district industries centre, hisar, for recommending his case being the eligible person to have the ..... of central subsidy to it. that apart, the petitioner-company had not and, in fact, could not have completed its project without the availability of the requisite finance for obtaining which it had applied to the hfc for loan and as a sequel thereto, it had, in fact, not gone into regular production before applying .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : (2006)205CTR(P& H)304; [2006]286ITR1(P& H)
..... should not be entertained. the argument though seems to be attractive at first blush but deserves to be rejected. it cannot be disputed that in terms of section 72 of the act, any business loss incurred by the assessee is permitted to be carried forward further for a specific period to be set off against future profits. if ..... civil suits referred to above) at a very low rate of interest and the entire difference of interest is being charged to the assessee. the assessee is not a finance company. it is engaged in the manufacture of sugar. no business purpose of the assessee-company is served by such lendings to its directors/ shareholders. it cannot ..... interest free, the assessing officer is perfectly justified in disallowing the interest in proportion to the advances made. 18. we may notice that in cit v. motor general finance ltd. (2002) 254 itr 449, delhi high court held as under:from the conspectus of the decisions as noticed hereinbefore, there cannot be any doubt whatsoever that the .....
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