Court : Gujarat
Reported in : [2007]138CompCas204(Guj); [2007]79SCL47(Guj)
..... what in relation to the compromise or arrangement is to be provided to the creditors and members, while section 394 deals with the provisions for facilitating reconstruction and amalgamation of companies act. 17. though details of pleadings, objections and their replies have already been summarized above, but parties have submitted their written arguments and the court now is required to deliver judgment ..... is not sanctioned, the consequence for tomco may be very serious. the shareholders, the employees, the creditors will all suffer. the argument that the company has large assets is really meaningless. very many cotton mills and jute mills in india have become sick and are on the verge of liquidation, even though they have large assets. the scheme has been sanctioned almost .....
Tag this Judgment!Court : Gujarat
Reported in : (2008)1GLR346
..... 9,700 grams(vii) hand grenades - 10 pieces(viii) remote controls - 4 pieces(ix) delay switches - 17(x) wireless hand-set 2(xi) battery manufactured by energier company - 10 pieces(xii) detonators (electronic) 10 pieces(xiii) detonators (ordinary) 10 pieces, etc.3.15. the said articles were sealed in presence of the panchas and thereafter ..... accused has committed offences punishable under sections 121a, 122 and 123 i.p.c.28. so far as the offences committed by the accused under other acts, such as, arms act, foreigners act, explosive substances act, indian passport rules, 1959 (entry into india), paragraph 3 of the criminal law amendment, 1961, paragraph 3 of the indian foreigners (report to ..... out further interrogation of the said person, whereupon the said person showed the bushes near the pit, wherein he had kept the ak 56 rifle wrapped in a jute sack. upon opening the sack, a magazine bearing no. p-5177 and an ak 56 weapon were found. on opening the magazine, 28 live cartridges were .....
Tag this Judgment!Court : Gujarat
Reported in : (2001)2GLR964
..... judgment, it is mentioned that sub-section (1) provides that when the government is satisfied that a particular land is needed for a public purpose or for a company, a declaration shall be made 'to that effect'. the satisfaction of the government after consideration of the report, if any, made under section 5a is a condition ..... (2000)iillj648sc (union of india & anr. v. g. ganayutham), para 28, p. 3395. (viii) : air1999sc393 (raunaq international ltd. v. i.v.r. construction ltd, & ors.) . (ix) 1999 (95) company cases 772 (securities and exchange board of india v. alka synthetics ltd. & ors.) (x) 'principles of statutory interpretation' by justice g. p. singh, sixth edition, 1996, p. 6. 27th july ..... the fourth one is again of i.o.c. which was established in 1997, i.e. after the commencement of the act, (4) if the pipelines of private companies are already there in existence and the grant of authorisation in such cases such as reliance petroleum ltd. when it was challenged before the high .....
Tag this Judgment!Court : Gujarat
Reported in : [1995]84CompCas230(Guj)
..... objection, the court made the following observations (at page 731) : 'then, on the question of sufficiency or adequacy of explanatory statement under section 393 of the companies act, 1956, i am of the view that there is nothing wrong in the said explanatory statement. as such notice is settled by the officer of the court under ..... necessary applications in the respective high courts for sanctioning the scheme of amalgamation and for the purpose of obtaining an order or orders under section 394 of the companies act, 1956, for carrying into effect the scheme of amalgamation. it is further stipulated that transfer of properties of mf to mil shall be made under the ..... in the case of sheth mohanlal ganpatram v. shri sayaji jubilee cotton and jute mills co. ltd. [1964] 34 comp cas 777 (guj) bhagwati j. (as his lordship then was) was dealing with a petition under sections 397 and 398 of the companies act, 1956. the company sold the movable and immovable properties to bharat kala bhandar ltd. the .....
Tag this Judgment!Court : Gujarat
Reported in : AIR1994Guj153
..... 7 partners. the applicant-firm wanted to avail of loan and credit facilities and, therefore, approached dena bank, which is a corporate body and a nationalised bank under the provisions of banking companies (acquisition and transfer of undertakings) act, 1970 (hereinafter referred to as 'dena bank' for short). on 24th august, 1974, dena bank sanctioned a term loan of rs. 1,10,000 ..... for payment of all existing liabilities under this act, 1947 (21 of 1947), the indian income-tax act, 1922 (11 of 1922), the wealth-tax act, 1957 (27 of 1957), the expenditure-tax act, 1957 (29 of j957), the gift-tax act, 1958 (18 of 1958), the super profits tax act, 1963 (14 of 1963) and the companies (profits) surtax act, 1964 (7 of 1964) or (b) the .....
Tag this Judgment!Court : Gujarat
Reported in : [2003]261ITR113(Guj)
..... moa, the total amount with interest was payable by confirmed irrevocable 180 days usance letter of credit with confirmation charges at seller's costs and acceptable to sellers through any nationalised indian bank, to be established in favour of the sellers for the net amount by september 19, 1994. the letter of credit was to be released to the sellers ..... a deductible item in the computation of total income if the tax payable has not been deducted at source under chapter xvii-b of the income-tax act. (l) in w.j. alan and company ltd. v. el nasr export and import co., a decision of the court of appeal, reported in [1972] 1 llr 313 ; [1972] 2 all er 127 ..... or the arbitrator gives effect to the terms of the agreement and awards interest which has been agreed to be paid. (h) the decision, of the supreme court in kedarnath jute . v. cit : [1971]82itr363(sc) was cited for the proposition that, whether the assessee is entitled to a particular deduction or not will depend on the provisions of law .....
Tag this Judgment!Court : Gujarat
Reported in : 181(2003)CLT134
..... shall be payable : by means of 100 per cent confirmed irrevocable 180 days usance letter of credit with confirmation charges at seller's cost and acceptable to sellers through any nationalised indian bank (hereinafter called the opening bank) to be established in favour of the sellers for the nett amount by 19th sept., 1994.'thus, original price of the ..... interest shall not be deductible item in the computation of total income if the tax payable has not been deducted at source under chapter xvii-b of the it act.(1) in w.j. alan & company ltd. v. el nasr export & import co., a decision of the court of appeal reported in lloyds law reports (1972)1 313 (ca) : (1972) 2 ..... or the arbitrator gives effect to the terms of the agreement and awards interest which has been agreed to be paid.(h) the decision of the supreme court in kedarnath jute mfg. co. ltd. v. cit : [1971]82itr363(sc) was cited for the proposition that, whether the assessee is 'entitled to a particular reduction or not will depend .....
Tag this Judgment!Court : Gujarat
Reported in : IV(2006)ACC345; 2006ACJ2019; AIR2006Guj120; (2006)2GLR1257
..... minimum compensation may be paid every month to the dependents according to their share for the period to which they are entitled.21. the insurance companies are now nationalised and the necessity for awarding lump sum payment to secure the interest of the dependents is no longer there. regular monthly payments could be made through ..... accident.8. the question that falls for consideration is as to at what stage the tribunal is to inquire into objection raised by the insurance company under the act. should such objections be treated as preliminary issue and be decided by the tribunal in the first instance which in the nature of things would ..... and tried accordingly. however, claim under section 140 is triable summarily and expeditiously without requiring the victim to establish death or permanent disability due to any wrongful act, neglect or default or the owner of the vehicle concerned or of any other person. compensation awarded under this provision is being awarded under no fault .....
Tag this Judgment!Court : Gujarat
Reported in : (2003)181CTR(Guj)134
..... shall be payable :by means of 100 per cent confirmed irrevocable 180 days usance letter of credit with confirmation charges at seller's cost and acceptable to sellers through any nationalised indian bank (hereinafter called the opening bank) to be established in favour of the sellers for the nett amount by 19-9-1994',thus, original price of the ship ..... not be deductible item in the computation of total income if the tax payable has not been deducted at source under chapter xvii-b of the income tax act.(l) in w.j alan & company ltd. v. el nasr export & import co., a decision of the court of appeal reported in lloyds law reports (1972) vol. i at p. 313 (ca) : ( ..... or the arbitrator gives effect to the terms of the agreement and awards interest which has been agreed to be paid.(h) the decision of the supreme court in kedamath jute mfg. co. ltd. v. cit : [1971]82itr363(sc) was cited for the proposition that, whether the assessee is entitled to a particular reduction or not will depend on the .....
Tag this Judgment!Court : Gujarat
Reported in : (1983)1GLR495
..... the insertion of the present section 80-a and the substitution of the words 'high court' for the words 'election commission' in section 81(1) by act 47 of 1966, election petitions were tried by election tribunals appointed by the election commission under article 324(1) of the constitution before its amendment by the ..... rein (supra), : [1981]3scr142 , noncompliance with the provisions of section 117 was considered fatal in view of the mandate of section 86(1) of the act.18. the petitioners have presented an application for permission to implead the returned candidates as co-respondents admittedly long after the period of limitation of forty-five days expired ..... is vested in an independent body called the election commission. prior to the amendment of article 324(1) of the constitution by the constitution nineteenth amendment act, 1966, the power to appoint election tribunals for the decision of doubts and disputes arising out of or in connection with elections to parliament and legislatures .....
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