State Financial Corporation Act - Judgment Search Results
Mysore Spun Silks Private Ltd., a Company Incorporated Under the Provi ...
Court: Karnataka
Decided on: Jan-10-2008
Reported in: 2008(4)KarLJ374; 2008(1)KCCR273; 2008(2)AIRKarR455; 2008AIHC(NOC)692(Kar)
1956, as a small scale industry. The petitioner had availed of a term loan from the respondent, Karnataka State Financial Corporation.3. The petitioner defaulted in the repayment of the loan and the petitioner therefore, took the benefit of … the Counsel for the parties.2. The facts are as follows:The petitioner is a Company, incorporated under the Companies Act, 1956, as a small scale industry. The petitioner had availed of a term loan from the respondent, Karnataka
Karnataka State Financial Corporation, a Body Corporate Eastablished U ...
Court: Karnataka
Decided on: Nov-09-2006
Reported in: [2007]139CompCas134(Kar); ILR2007KAR200; 2006(6)KarLJ703
J.1. The appellant-KSFC, aggrieved by the dismissal of the petition filed by it under Section 31(1)(aa) of the State Financial Corporation Act ('Act' in brief) by the trial court, has come up in this appeal.2. Heard the learned Counsel for … position in law.8. In the result, the appeal is dismissed. Banking - Guarantee - Section 31(1)(aa) of the State Financial Corporation Act - Respondents availed a term loan and a soft loan from Appellant - Respondent No. 3 was guarantor
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