Judgment Search Results Home > Cases Phrase: tea companies acquisition and transfer of sick tea units act 1985 chapter i preliminary Court: karnataka Page 1 of about 295 results (0.236 seconds)

D.S. Gowda Vs. Corporation Bank

Court : Karnataka

Reported in : [1985]57CompCas668(Kar)

..... 1968 which came into force on february 1, 1969. 26. then came the nationalisation of fourteen major banks by act no. 5 of 1970, called 'the banking companies (acquisition and transfer of under takings) act', which came into force on july 19, 1969. 27. again, six more commercial banks were nationalised by act no. 40 of ..... r. act in its entirely does not apply to the nationalised banks since they acquire their corporate character not from any registration under the companies act, but they are established under the banking companies (acquisition and transfer of undertakings) acts, 1970 and 1980. so, only some of the provisions of the b.r. act are made applicable ..... then held that they have powers to reopen extortionate transactions and reduce the rate of interest to what they deem reasonable in the circumstances. (see 'the oxford companies to law' by david m. walker (1980), page 1268). we, therefore, hold that the circulars and directives issued by the reserve bank cannot by themselves furnish .....

Survodaya Mills Workers Union Vs. State of Karnataka and Others

Court : Karnataka

Reported in : AIR1994Kant256; ILR1994KAR687

..... bank asdefined in the state bank of india (subsidiary banks) act, 1959, or a corresponding new bank constituted under the banking companies (acquisition and transfer of undertakings) act, 1970 or a banking company as defined in the banking regulation act, 1949, or the industrial credit and investment corporation ltd., or the industrial finance corporation of ..... distribute the urban land equitably; and (iii) to regulate the construction of buildings on the urban lands. consistent with these objectives, the act provides for acquisition of all urban vacant land in excess of the ceiling limit and prohibits its transfer in any form absolutely. all that the act permits in the case ..... thecompensation. sections 12, 13, 14, 15, 16, 17 and 18 provide for constitution of tribunals second appeal to the high court and consequences of future acquisition, power of competent authority to enter upon any vacant land, consequences of concealment, and the application of the act to certain lands, etc., s. 20 .....

Chamundi Hotel (P) Ltd. and ors. Vs. State and ors.

Court : Karnataka

Reported in : ILR1997KAR1573

..... it is the very negation of the effectuating the public purpose. payment of market value in lieu of acquired property is not sine qua non for acquisition. acquisition and payment of amount are part of the scheme and they cannot be dissected. however, fixation of the amount or specification of the principles and the ..... writ petitions, stayed further proceedings vide order dated 15.9.1989, initiated pursuant to the aforesaid notification and declaration. thereafter, an ordinance by name, 'bangalore palace acquisition and transfer ordinance, 1992 (hereinafter called 'the ordinance') was promulgated, which was, however, not assented to by the president.7. after the arguments of the ..... the legal heirs of the former ruler of mysore and the petitioner-company filed writ petitions, in which rule was issued on 25.1.1996 and further proceeding stayed. the government is also alleged to have initiated proceedings under the land acquisition act, by issuing a notification dated 12.8.1996, regarding which .....

Junjamma and ors. Vs. the Bangalore Development Authority, Rep. by Its ...

Court : Karnataka

Reported in : ILR2005KAR608; 2004(7)KarLJ677

..... is fatal to the validity of the proceedings particularly when the acquisition is for a company and the purpose has to be investigated under section 5a or section 40 necessarily after the notification under section 4 of the act'.in the light of the ..... land with proper description and area so as to be identifiable is needed for a public purpose or for a company. what was a mere proposal under section 4 becomes the subject matter of a definite proceeding for acquisition under the act. hence, it is not correct to say that any defect in the notification under section 4 ..... 1) of the land acquisition act. section 4(1) of the land acquisition act reads as under;-'4. publication of preliminary notification and powers of officers thereupon.- (1) whenever it appears to the appropriate government that land in any locality is needed or is likely to be needed for any public purpose or for a company, a notification to that .....

The Commissioner, Bangalore Development Authority and anr. Vs. State o ...

Court : Karnataka

Reported in : ILR2006KAR318; 2006(1)KarLJ1

..... a wide field as may be evidenced by the elaborate provisions for preparation and implementation of the schemes by the trust under the said act. although acquisition under the acquisition act is also generally for public purpose, the charter of the requisition under the improvement act is different and the difference has a definite and intimate ..... 2004 is allowed and acquisition of land in respect of 53 acres of land in nagavara village which is the subject-matter of the aforesaid writ petition is quashed.(2) w.a. no. 2757 of 2005 is partly allowed. in w.p. no. 25807 of 2004 filed by tata housing development company in respect of land ..... bearing sy. nos. 17/1, 18, 19, 20, 26 and 94 situated at hennur village, kasaba hobli, bangalore, in all measuring about 26 acres 12 guntas, the finding of the learned single judge is set aside. liberty is granted to the petitioners therein to make appropriate application before the bda for deleting the said land from acquisition .....

M. Kumar Vs. Bharath Earth Movers Limited, Bangalore and Others

Court : Karnataka

Reported in : ILR1999KAR1715; 1999(5)KarLJ193

..... , the body held to be state was a statutory corporation, and in the case of som prakash, supra, the company held to be state was formed after statutory acquisition of a private company, the body held to be state was only a society registered under the societies registration act. it was held to ..... of the powers conferred by sub-section (1) of section 7 of the burmah shell (acquisition of undertakings in india) act, 1976 (2 of 1976), the central government, being satisfied that burmah shell refineries limited, a government company is willing to comply with such terms and conditions as may be imposed by the central government ..... telephone industries limited which is another public sector undertaking engaged in the manufacture of defence and telecommunication equipment, is similar.33. these two organisations are government companies subject to pervasive control of the central government. therefore, these organisations are 'other authorities' under article 12 of the constitution of india. in fact, .....

Sri S Hareesh Vs. The State of Karnataka

Court : Karnataka

..... land owner seeking a reference for a higher compensation. part iv dealt with apportionment of compensation, while part v of the said act concerned with payment. acquisition of land for companies was dealt with in part vii of the said act and a special procedure was prescribed. part viii pertained to miscellaneous provisions. thus, the whole ..... . moreover, the object and purpose of the two acts are distinct.20. the object and purpose of the la act, 1894, is for acquisition of the land for public purposes and for companies. the expression public purpose is defined in section 3(f) of the said act. it is an inclusive definition and - 100 - not an ..... contrast, the scheme of the la act, 1894, which is since repealed by 2013 act was an expropriatory - 102 - legislation to provide for acquisition of land for public purposes and for companies. section 4 of the said act dealt with publication of preliminary notification while section 5-a provided for hearing objections with regard to the proposed .....

M/S Evershine Monuments Vs. The State of Karnataka

Court : Karnataka

..... owner seeking a reference for a higher compensation. part iv dealt with apportionment of compensation, while part v of the said act concerned with payment. acquisition of land for - 48 - companies was dealt with in part vii of the said act and a special procedure was prescribed. part viii pertained to miscellaneous provisions. thus, the whole ..... the object and purpose of the two acts are distinct.-. 33 - 23. the object and purpose of the la act, 1894, is for acquisition of the land for public purposes and for companies. the expression public purpose is defined in section 3(f) of the said act. it is an inclusive definition and not an exhaustive one. ..... 30. by contrast, the scheme of the la act, 1894, which is since repealed by 2013 act was an expropriatory legislation to provide for acquisition of land for public purposes and for companies. section 4 of the said act dealt with publication of preliminary notification while section 5-a provided for hearing objections with regard to the proposed .....

Pushpalatha N.V. W/O Nemraj Vs. V. Padma Widow of Vasantha Kumar D.N.,

Court : Karnataka

..... acquired. the concept of joint tenancy known to english law with the right of survivorship is unknown to hindu law except in regard to cases specifically recognized by it. the acquisitions made by the members of different branches jointly cannot be impressed with the incidents of joint family property. they can only be co-sharers or co-tenants, with the result ..... entitled to 6/24th share each.128. it is submitted. on behalf of the defendants that they have sold the schedule property in favour of hotel sriveeba (p) ltd., a company represented by the director sri s. narayan on 26.11.2004. in view of the proviso to sub-section (1) of section 6 of the substituted section, the said sale ..... effect to such a law even after the judgment of the/court of first instance....107. again the apex court in case of united bank of india, calcutta v. abhijit tea co. pvt. ltd. and ors. : air 2000 sc 2957 has observed thus:it is well settled that it is the duty of a court whether it is trying original .....

Sri Visalam Chit Fund Ltd. and Others Vs. Union of India and Others

Court : Karnataka

Reported in : [1990]67CompCas203(Kar)

..... . the facts in the other writ petitions are not very relevant. it may be noted that the petitioners therein either private limited companies or public limited companies registered under the companies act or proprietary concerns or partnership concerns carrying on chit fund business in this state. some of them have their registered offices outside ..... directions. according to available information, one-third of the outstanding loans and advances as on 31st march, 1967, given by the foremen of 100 chit fund companies were personal loans; 27 per cent. were meant for the commercial sector and 15 per cent. were professional loans. `industry' and `agricultural' got a ..... them or investing in trust securities or in deposits with approved banks. (iii) restriction on the opening of new places of business : chit fund companies should obtain the prior approval of the director of chits within whose jurisdiction their registered offices are situated. the director of chits should take certain criteria .....