Floating Security - Year 1992 - Judgments

Nov 06 1992 (HC)

Corporation Bank Vs. Mohandas Baliga

Court: Karnataka

Decided on: Nov-06-1992

Reported in: ILR1993KAR201; 1993(1)KarLJ308

..... be purchased to be stored in the business premises as a floating security by way of hypothecation that the defendant was not aware of ..... were also cine equipments which were liable to be held as security for the liability under the earlier transactions that the first ..... of performance and surety s right to benefit of creditor s securities respectively section 142 to 144 deal with the guarantee section .....

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Feb 04 1992 (SC)

Raymond Synthetics Ltd. and Others Vs. Union of India and Others

Court: Supreme Court of India

Decided on: Feb-04-1992

Reported in: AIR1992SC847; [1992]73CompCas762(SC); JT1992(1)SC463; 1992(1)SCALE264; (1992)2SCC255; [1992]1SCR481

..... part of the general assets of the company which are charged by a debenture secured by a floating charge the relationship between the applicants and the company which holds the application moneys ..... the subscription lists applied to refund orders as well as to allotment of all securities and despatch of allotment letters certificates this condition presumably applies to repayment under sub section .....

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May 29 1992 (HC)

The Commissioner of Income-tax, Delhi Vs. Modi Industries

Court: Delhi

Decided on: May-29-1992

Reported in: 1992(23)DRJ448

..... further shows that the assessed company had floated and actually issued 62 per cent secured redeemable mortgage debentures as pointed out earlier against the security of land buildings and machinery of the ..... company and a floating charge on the undertaking none of these debentures appears to have .....

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May 29 1992 (HC)

Commissioner of Income-tax Vs. Modi Industries Ltd.

Court: Delhi

Decided on: May-29-1992

Reported in: ILR1993Delhi1; [1992]197ITR655(Delhi)

..... further shows that the assessed company had floated and actually issued 6 5 per cent secured redeemable mortgage debentures as pointed out earlier against the security of land buildings and machinery of the ..... company and a floating charge on the undertaking none of these debentures appears to have .....

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Jan 30 1992 (SC)

Peerless General Finance and Investment Co. Limited and anr. Vs. Reser ...

Court: Supreme Court of India

Decided on: Jan-30-1992

Reported in: AIR1992SC1033; [1992]75CompCas12(SC); 1991CriLJ1391; JT1992(1)SC405; 1992(1)SCALE216; (1992)2SCC343; [1992]1SCR406

..... fixed deposits with public sector banks or invest and keep invested in unencumbered approved securities such securities being valued at their marked value for the time being or in other investments ..... interest to depositors leading us to suspect whether these companies are not speculative ventures floated to attract unwary and credulous investors and capture their savings unsafe for depositors one .....

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Feb 02 1992 (HC)

Commissioner of Income-tax, Madras Vs. G. D. Naidu Industrial Educatio ...

Court: Chennai

Decided on: Feb-02-1992

Reported in: [1942]10ITR358(Mad)

..... purpose of the trust apparently he can borrow moneys for his own purposes on the security of the assests set apart by him by clause 55 the trustees are empowered so ..... to sell immovable properties belonging to the trust in expanding or floating industrial institutions in other words for the purpose of floating other companies clause 59 provides that the trustees may advance .....

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Jan 27 1992 (HC)

T.R. Juneja Vs. Rajasthan State Industrial Development and Investment ...

Court: Rajasthan

Decided on: Jan-27-1992

Reported in: 1992(2)WLC90; 1992(2)WLN464

..... and dies debentures to the extent of rs 1 56 000 were floated and utilised and loan was also provided by the rimdc 6 the ..... installed by the year 1972 the private company requested the corporation to secure order for the die casting components for the aravali swachalit vahan ltd ..... 2 repayable within a period of 12 to 15 years and the security of this loan shall be a second charge on all the assets .....

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Mar 30 1992 (HC)