Floating Security - Judgment Search Results

National Westminster Bank Plc (Respondents) Vs. Spectrum Plus Limited ...

Court: House of Lords

..... granite quarries ltd 1910 2 kb 979 999 similarly contrasted a floating security with a specific security a floating security is not a specific security the holder cannot affirm that the assets are specifically mortgaged to ..... trusts corporation 1879 15 ch d 465 jessel mr referred to this form of security as a floating security see at pp 468 469 and 472 and in moor v anglo italian bank .....

The State of Andhra Pradesh Represented by the District Collector, Gun ...

Court: Andhra Pradesh

Reported in: AIR1966AP233; [1966]36CompCas950(AP)

..... paragraph 914 it is stated thus the terms floating security and floating charge mean a security or charge which is not to be ..... before us dealing with the rights acquired under a floating charge or floating security we do not consider it necessary to express ..... at any time before the charge attaches the term floating security and floatingcharge are synonymous the learned commentator followed the .....

State of Madras Vs. Madras Electric Tramways (1904) Ltd. and anr.

Court: Chennai

Reported in: AIR1957Mad169; [1955]25CompCas378(Mad)

..... receiver or receiver and manager and crytallise the floating security when a floating security upon all the property or assets of the ..... debenture holders to a charge over the specific security and floating security over the assets of the tramway company uncier ..... maheshwari rros v indra sugar works ltd air1938all574 a floating security was recognised though registration was required under the .....

H.V. Low and Co., Ltd. Vs. Pulinbiharilal Singha and ors.

Court: Kolkata

Reported in: AIR1933Cal154

..... subject of the charge is not the element the presence of which would make the security a floating security the first charge created by the kabuliyat attached to the property immediately as the ..... of companies though they afford the most ordinary examples of floating security are not the only instances of it a floating security may be a security created by an individual and by means other than .....

The Bank of Baroda Vs. H.B. Shivdasani

Court: Mumbai

Reported in: (1926)28BOMLR689

..... a distant day and interest on fixed days half yearly and charged by way of floating security all its property present and future a condition endorsed on the debentures provided that notwithstanding ..... p 999 the outcome of the decision may be thus summarized a floating security is not a future security is a present security which presently affects all the assets of the company expressed to .....

Narendra Kumar Maheshwari Vs. Union of India (Uoi) and ors.

Court: Supreme Court of India

Reported in: AIR1989SC2138; (1989)2CompLJ95(SC); JT1989(2)SC338; 1989(1)SCALE1353; 1990Supp(1)SCC440; [1989]3SCR43

..... hindrance because the debenture holders trustees can any time move to crystallise the floating security if they felt the security is in jeopardy 3094 in the present case there is no case ..... petitioners completely overlooks the basic principles underlying the commercial law concept of debentures secured by a floating charge as evolved in british jurisprudence over the past two hundred years clauses .....

Bank of Baroda Vs. H.B. Shivdasani

Court: Mumbai

Reported in: AIR1926Bom427

..... a distant day and interest on fixed days half yearly and charged by way of floating security all its property present and future a condition endorsed on the debentures provided that notwithstanding ..... 999 the outcome of the decisions may be thus summarized a floating security is not a future security it is a present security which presently affects all the assets of the company expressed to .....

Commissioner of Agrl. Income-tax, Kerala State, Trivandrum Vs. Nilambu ...

Court: Kerala

Reported in: AIR1969Ker238

..... to the second question depends on the true meaning of floating charge which is otherwise called floating security 7 lord macnaghten defined a floating security as follows in his speech in the decision of the ..... lord macnaghten who is remarkable for his accuracy of language cannot succeed in defining a floating security without using some terms which arc not really applicable to the subject matter but .....

J.D. Jones and Co. Ltd. Vs. Ranjit Roy and ors.

Court: Kolkata

Reported in: AIR1927Cal682,103Ind.Cas.748

..... suspended for a time one finds lord macnaghten saying this a floating security is an equitable charge on the assets for the time being ..... on the business it is within the exact definition of a floating security 18 it is quite true therefore that an ordinary carrying on ..... one finds it expressly laid down by lord justice buckley thata floating security is not a specific mortgage of the assets plus a .....

G. and C. Kreglinger Vs. New Patagonia Meat and Cold Storage Company, ...

Court: House of Lords

..... of the principal sum and interest to the intent that the charge should be a floating security on the undertaking and property but so that the respondents should not create any mortgage ..... set aside as readily in the case of a floating security as in any other case but it is material that such a floating charge in the absence of bargain to the contrary .....