Judgment Search Results Home > Cases Phrase: jute companies nationalisation act 1980 section 8 payment of further amounts Court: kolkata Page 1 of about 223 results (0.173 seconds)

Central Bank of India Vs. Rai Bahadur Hurdutray Motilal Jute Mills Pri ...

Court : Kolkata

Reported in : (1994)1CALLT448(HC)

..... under section 20(7) of the jute companies nationalisation act, 1980. the appellant central bank of india filed a claim before the commissioner of payment appointed under the said act. the appellant bank was a creditor of r.b.h.m. jute mills pvt. ltd. (herein-after also referred to as 'the said company'). the undertaking of the said company was nationalised with effect from 20.12.80 which ..... was the appointed day. the appellant bank is one of the secured creditors of the said company ranking in category 2 .....

National Jute Manufacturers Corporation Ltd. Vs. Commercial Tax Office ...

Court : Kolkata

Reported in : [1982]49STC271(Cal)

..... first schedule to the act were nationalised. it appears that by virtue of section 3 of the said act those undertakings stood vested in the central government on the appointed day ..... this application the petitioner, national jute ., unit alexandra, challenges an order of the commercial tax officer, lyons range charge, dated 18th march, 1981. the fact relating to the passing of the impugned order may be briefly stated.2. by a central act called the jute companies (nationalisation) act, 1980 (no. 62 of 1980) (hereinafter referred to as the act), the undertakings of jute companies whose names appear in the .....

Soorajmull Nagarmull Vs. Commissioner of Income Tax.

Court : Kolkata

Reported in : (1991)99CTR(Cal)170

..... the opinion of its solicitor was wholly inadequate for discharging even the liabilities of the debtor regarding the priority claims mentioned in s. 21 of the coal mines (nationalisation) act. the assessee thus claimed the said debt a bad debt. the ito considered the claim of the assessee in extenso. he observed as under :'thus unit of ..... together with interest accrued thereon. in affidavit-in-opposition soorajmull nagarmull denied the existence of loan due to chandpur jute co. it was stated that nothing was owing to m/s. chandpur jute co. and that the said company was at no material pint of time in a position to make any investment of m/s. soorajmull nagarmull. ..... from the balance sheets for the several years past. the assessees investment with the said company is thus an investment account under the lead 'loan & advance' and was receiving interest thereon. it was not at all trading debt arising out of the jute mill operations. this will be more apparent from the records of the asst. yr. .....

Mcleod and Co. and ors. Vs. S.K. Ganguly and ors.

Court : Kolkata

Reported in : [1975]45CompCas563(Cal),79CWN132

..... on a decision of the house of lords in scottish insurance corporation ltd. v. wilsons and clyde coal co. ltd. in that case, under a nationalisation act, the colliery assets of the company were transferred to the national coal board with the result that the company could no longer pursue the objects for which it was incorporated. at an extraordinary general meeting of the ..... total area of 72.09 acres of land. 3. at all material times mcleod & co. ltd. (appellant no. 1) was the managing agent of the company and also the managing agent of another jute company known as alliance jute mills co. ltd., which was in occupation of adjoining lands comprising an area of 72.09 acres. 4. by notifications dated december 19, 1946, and .....

P.K. Ghosh Vs. Kailash Kumar Mazodia

Court : Kolkata

Reported in : 2000(117)ELT14(Cal)

..... basis of wrongful search and seizure. the ld. trial judge might have received support from the judgment of the ld. single judge of calcutta high court in new central jute company limited case reported in : air1976cal178 and in bishnu krishna shrestha v. union of india and ors. reported in : [1987]168itr815(cal) . in both the cases ..... division bench whereby seized goods were sold in auction under the supervision of the special officer and the sale proceeds were invested in fixed deposits with the nationalised banks and adjudication proceedings were allowed to continue subject to following direction of the division bench :-'we modify the said part of the order under appeal by ..... their statement in the criminal court and/or otherwise. the learned trial judge failed to appreciate that the statement and admission made under section 108 of customs act, even if retracted, is binding and can be relied upon and further that the refusal of permission to cross-examine the witnesses did not allow to .....

Trend Vyappar Ltd. and anr. Vs. Regional Provident Fund Commissioner I ...

Court : Kolkata

Reported in : 2005(2)CHN495

..... in this appeal is a company within the meaning of the companies act, 1956 and claims to be carrying on business at 24, netaji subhas road, kolkata - 1. the appellant no. 2 is a director-shareholder of the appellant no. 1 company.2. the respondent no. 6, the kelvin jute company ltd. is the owner of kelvin jute mill. having suffered considerable ..... of the appellant no. i/company to enable it to continue its smooth operation of the jute mill.27. we, accordingly, dispose of the appeal and all the connected applications by directing that subject to the furnishing of the bank guarantee for a sum of rs. 24,00,000/- from any nationalised bank to the satisfaction of the ..... registrar, original side of this court, the regional provident fund authorities shall recredit the sum of rs. 24,33,854/- to the account of the appellant/company in the citi bank, brabourne road branch, kolkata, being account no. .....

In Re: A.W. Figgis and Co. Pvt. Ltd.;

Court : Kolkata

Reported in : [1980]50CompCas95(Cal)

..... of a reduction of capital which was passed unanimously, a question was raised that the same was against public policy to aid a company threatened with nationalisation to part with valuable assets. lord radcliffe observed on page 886 of [1951] 1 all er as follows :'there is no doubt that the applicant ..... is objectionable on other grounds, it will not become the more acceptable because it may have been proposed in view of a pending measure of nationalisation. conversely, the threat of nationalisation cannot render improper what is otherwise unobjectionable.'7. relying on the said principle mr. mukherjee submitted that the scheme if it has not violated any ..... the provisions of the said sections. mr. mukherjee referred to a decision of the court in albian jute mills company ltd. v. river steam navigation co. [1957] 100 clj 70, where the word 'property' under section 153a of the indian companies act, 1913, was interpreted and, thereafter, he also cited a division bench decision of the court in .....

Major General Mahabir Shum Sher Jung Bahadur Rana Vs. Lloyds Bank Ltd. ...

Court : Kolkata

Reported in : AIR1968Cal371,72CWN94

..... violated because no compensation was given. it appears that all creditors of all air companies are treated as one class and they have all been equally treated. there is power to nationalise air companies. if the power to nationalise par-ticular class of companies is not disputed and it was not disputed in this case, the creditors of ..... express or implied, relating to leave, pension, gratuity and other terms of service of any officer or other employee of the existing air company, under which by virtue of this act the corporations have or will or may have liabilities except such agreements as the corporation may exclude either generally or in any particular case from ..... with, the air corporation will assume that liability. therefore, there is no merit in the contention that the act infringed articles 14 and 31 of the constitution.29. counsel for the defendant relied on the decision in calcutta jute . v. united commercial bank ltd., reported in (1957) 99 cal lj 19 in support of the contention .....

United Bank of India Vs. Ram Raj Goala

Court : Kolkata

..... conditions of the service of the plaintiff are still matters of contract between the bank administration and the plaintiff. in such circumstances, even assuming that after nationalisation a bank employee has acquired status of public employment for certain purposes it cannot be held that the plaintiff is enforcing his right under a statute ..... contractual obligations between the bank and the employees but now such rules and regulations continuing by virtue of the provisions of the said banking companies (acquisition and transfer of undertakings) act, 1970 would be statutory law, mr. moitra also referred to another bench decision of the orissa high court made in the case of ..... the question whether the said superannuation amounts to termination or retrenchment. mr. moitra also referred to a decision of this court made in the case of titagarh jute factory v. sriram tewari (1979) labour and industrial cases 513, d.c. chakraborty, j. held in the said decision that dispute between an employer and .....

United Bank of India Ltd. Vs. United India Credit and Development Comp ...

Court : Kolkata

Reported in : [1977]47CompCas689(Cal)

..... reasons :(a) petitioner-bank was one of the foremost banking concerns of the eastern region in india and banking business being nationalised with effect from 10th of july, 1969, under the provisions of the banking companies (acquisition and transfer of undertakings) act, 1970, the undertaking of the petitioner-bank became vested in the corresponding new bank, viz., united bank of india.(b) under ..... business of preparing schemes for diversification by existing traditional industries such as tea, sugar and jute industries, such schemes being financed by funds raised against mortgage of existing assets and issue of capital to be raised by the petitioner-company from the market ; studying cases of various companies in the eastern region which are closed and not functioning well, etc., as stated in .....