Judgment Search Results Home > Cases Phrase: state financial corporations act 1951 section 38 returns Page 1 of about 53,604 results (0.255 seconds)

there Is No Provision Under the Sidbi Act 1989 or Under the State Vs. ...

Court : Punjab and Haryana

..... to the acceptance of deposits from a local authority and other persons, deposit of funds of the financial corporation and furnishing of returns (sections 8(1).33(2) and 38 of the state financial corporation act, 1951 (for short the 1951 act).as against this, the idbi used to play and not sidbi plays some role under various provisions, ..... of india. the court held to the following effect: - 24. there is no provision under the sidbi act, 1989 or under the state financial corporation act, 1951 comparable to the provisions of sections 21 and 35a of the banking regulation act, 1949 extracted above. in the absence of any such analogous provision, it is difficult to see how the ..... the petitioners.the answer to the question that arises for our consideration does not lie in the provisions of the banking regulation act, 1949 but in the state financial corporation act, 1951 and the sidbi act both of which do not support the view that the sidbi has the power to issue any binding directions to the .....

State Vs. Jagannath Ram and ors.

Court : Orissa

Reported in : 52(1981)CLT529; 1982CriLJ118

..... lower court record i find that no such notification was produced in the court below. however, the learned counsel appearing for the state has produced before me the 14th. edition of the employees' provident funds and miscellaneous provisions act. 1q52 published by the madras book agency wherein the notification under section 14-ac has been printed at pace 242. the ..... scheme. learned counsel on both sides agree with this conclusion. in paragraph 1 of her judgment, the learned magistrate has stated that accused persons stand prosecuted under sections 14(1), 14-a (1) and 14-a(2) of the act. as already pointed out there was no sanction for prosecution for offences under sections 14(1), 14-a (1) and ..... have any application to the facts of this case. in paragraph 10 of the prosecution report ext. 2, the offences are stated to be under paragraph 76 (b) of the scheme read with sections 14 (1) and (2) of the act. sections 14-a (1) and 14-a (2) have been crossed out in ink. in the sanction order ext. .....

M/s. Fresh Coconut Products Ltd. rep. by its Managing Director Aarattu ...

Court : Kerala

..... commitments. the 1st appellant company committed default in repayment of the loan amount and the interest accrued thereon and the 1st respondent corporation took over the assets of the unit on 22.12.2001, under section 29 of the state financial corporations act, 1951. though the unit was advertised for sale several times, there were no prospective buyers. in order to recover the loan amount ..... committed in repayment of the loan amount and the interest accrued thereon, the 1st respondent corporation took over the assets of the unit on 22.12.2001, under section 29 of the state financial corporations act, 1951. these facts are not disputed by the appellants. according to the 1st respondent corporation, the total amount outstanding as on 30.6.2012 comes to rs.15,89,47 .....

Sri Sanjay Kumar Das Burma Vs. State of Orissa

Court : Orissa

Reported in : 2009(I)OLR779

..... prima facie constitute any offence or make out the case alleged against the accused. in this regard, i may refer to a decision reported in : 1992crilj527 (state of haryana v. bhajan lal) in which the above mentioned principles are illustrated by the apex court while interfering with the order of cognizance in a proceeding under ..... statement on oath or affirmation to public servant or person authorized to administer an oath or affirmation.- whoever, being legally bound by an oath or affirmation to state the truth on any subject to any public servant or other person authorized by law to administer such oath or affirmation, makes, to such public servant or ..... and his spouse in the said company. the petitioner challenges the order of cognizance on the ground that as per section 36 of the representation of peoples act, 1951 whenever any candidate files nomination paper it is the statutory obligation of the returning officer to scrutinize the nomination papers and conduct inquiry, if necessary. .....

Indian Textiles and Another Vs. Gujarat State Financial Corporation an ...

Court : Mumbai

Reported in : 1994(2)BomCR178; [1994]81CompCas599(Bom)

..... . merchant, learned counsel for the gujarat state financial corporation, submitted that the state financial corporations act, 1951, was a special act whereas the companies act, 1 of 1956, was a general act. mr. merchant submitted that the provisions contained in the state financial corporations act, 1951, had an overriding effect over the provisions of the companies act, 1 of 1956. mr. merchant relied on the schemes of the state financial corporations act, 1951, and in particular on section 29 ..... assets of the company from the date of passing of the winding up order by the court. on a true and correct interpretation of section 29(1) of the state financial corporations act, 1951, the state financial corporation is entitled to take possession, charge, control and management of the assets of the company only so long as the company is itself in possession, control and charge of .....

Abdul MobIn Ansari and Others Vs. the Maharashtra State Financial Corp ...

Court : Mumbai

Reported in : AIR1993Bom48; 1992(3)BomCR338; [1994]79CompCas236(Bom)

..... well as the relevant provisions of the state financial corporations act and civil procedure code. section 31 of the state financial corporations act is a special provision for enforcement of claims by the finance corporation. the section 31 of the act reads as under:'special provision for enforcement of claims by financial corporations:-- 1. where an industrial concern in ..... plant machinery, equipments and accessories from the hypothecated premises, the respondent/ applicant has filed the proceedings under sections 31 and 32 of the state financial corporations act, 1951. the appellants/non-applicants filed written statements dtd. 7-4-82 vide exh. 11. it is admitted by the appellants/non- ..... joint civil judge, akola.2. the facts giving rise to the instantappeal are as under : the respondent is the statutory corporation established for the state of maharshtra, under the state financial corporation act, lx-iii of 1951. the appellant no. 1 is the proprietor of the proprietary concern of m/s. new .....

Kailash Chand JaIn Vs. Uttar Pradesh Financial Corporation and ors.

Court : Allahabad

Reported in : 2003(1)ARBLR110(All); [2004]55SCL54(All)

..... any case, the contention proceeds, the interest would continue to run in accordance with the loan agreement, even if the u. p. financial corporation has invoked section 29 of the state financial corporation act, 1951, and has taken possession of the unit of the said company.50. having considered rival contentions, we are of the view that ..... fails and is rejected accordingly.34. the second contention raised by the learned counsel for the petitioner was that the u. p. financial corporation having invoked section 29 of the state financial corporation act. 1951 and having taken possession of the unit of the company, could not invoke personal guarantee given by the petitioner in view ..... for respondent nos. 3 and 4.12. the first contention raised on behalf of the petitioner is that the u. p. financial corporation having invoked section 29 of the state financial corporation act, 1951 and having taken over the possession of the unit of the company on 6-1-1998, was precluded from resorting to .....

Titus Daniel and ors. Vs. South Indian Parenterals Pvt. Ltd. and ors.

Court : Kerala

Reported in : AIR1998Ker205; [2000]101CompCas117(Ker)

..... those properties. the delhi financial corporation contended that the action taken by the corporation was under section 29 of the state financial corporations act and the provisions of state financial corporations act will override the provisions of the companies act by virtue of the provisions contained in section 46-b of the financial corporations act. with regard to the right conferred upon the state financial corporation on taking over possession under section 29 of the state financial corporations act, the delhi high ..... a general statute dealing with the law relating to companies and certain associations and the state financial corporations act being a special statute, the provisions of the state financial corporationsact will prevail upon the provisions of the companies act. they also contended that under section 46b of the state financial corporations act, the provisions of the act and the rules and the orders made thereunder have overriding effect over any law for .....

Rose Potteries Vs. West Bengal Financial Corporation

Court : Kolkata

Reported in : AIR1986Cal277

..... bench judgment of the allahabad high court in the case of munnalal gupta v. uttar pradesh financial corporation, : air1975all416 .6. section 29 of the state financial corporations act, 1951 provides : --'section 29(1) where any industrial concern, which is a liability to the financial corporation under an agreement, makes any default in repayment of any loan or advance or any ..... the notice dt. 12th july, 1984 the petitioner had failed to make any payment. the corporation gave notice to the petitioner that in exercise of its right under section 29(1) of the state financial corporation act, a representative of the corporation will take possession of the factory of the petitioner on 10th aug., 1984.4. the petitioner ..... within 15 days from the date of receipt of this notice the provisions of the security deeds under reference and the state financial corporation act, 1951 shall be enforced against you without further reference and you shall be held liable for all costs and consequence.'2. the .....

Veronica Laboratories Ltd. and ors. Vs. State Industrial and Investmen ...

Court : Mumbai

Reported in : 2001(2)BomCR642

..... , depending on their perception of the risk involved in each project. consequently, the decision of the respondent to invoke its powers under section 29 of the state financial corporations act, 1951, cannot be faulted.11. the trial court has come to the conclusion that prima facie, the appellant was a defaulter and had committed a breach ..... been cleared, intimated to the appellant that the respondent was proceeding to take action in exercise of its statutory powers under section 29(1) of the state financial corporations act, 1951, for taking over possession of the securities which had been created in favour of the respondent.8. the appellant instituted a suit in the court ..... relief. the trial court found that the appellant had defaulted in the payment of the loan installments and the exercise of powers, under section 29 of the state financial corporations act, 1951, by the respondent, could not be faulted.2. against the order passed by the trial court, the present appeal from order came to be .....