Judgment Search Results Home > Cases Phrase: tea companies acquisition and transfer of sick tea units act 1985 chapter i preliminary Sorted by: old Page 1 of about 556 results (0.244 seconds)

Pramod Kumar Mittal Vs. Andhra Steel Corporation Ltd. and ors.

Court : Kolkata

Reported in : [1985]58CompCas772(Cal)

..... said suit, receivers were appointed over the securities and various interlocutory orders were made from time to time for the purpose of carrying out the manufacturing activities of the company. the company had also mortgaged its dankuni plant, comprising of lands, buildings, plants and machinery in favour of dena bank. dena bank had filed a suit in the chinsura ..... 398 read with section 402 and other provisions of the act including section 255, which deal with normal corporate management of the company.39. a division bench of the calcutta high court in the case of debi johra tea co. ltd. v. barendra krishna bhowmick [1980] 50 comp cas 771 had occasion to examine the scope of sections 397, ..... 398 and 402 of the companies 'act. it was observed as follows (at pp. 782-783):' it should be borne in mind that when .....

Delhi Dayalbagh Coop. House Building Society Ltd. Vs. the Registrar Co ...

Court : Delhi

..... was made available by the state government, it is necessary to refer to the provisions of the land acquisition act, 1894 (hereinafter referred to as, the la act). 4.1. part vii of the la act is under the heading acquisition of land for companies. it begins with section 38 and runs upto section 44b. section 38 was, however, repealed by act 68 ..... of the collector under section 5a or by enquiry held as provided that the purpose of acquisition is to obtain land for erection of dwelling houses for workmen employed by the company or that such acquisition is needed for construction of some building or work _____________________________________________________________________________________________________ for the company and that work is likely to prove useful to the public. 4.5. section 41 .....

Raja Suryapalsingh and ors. Vs. the U.P. Govt.

Court : Allahabad

Reported in : AIR1951All674

..... delegated falls under the head of what we have described as supplementary legislation, intended to make effective the general principles contained in those chapters. section 305 authorises acquisition of the interest of a person holding an uneconomic holding on payment of compensation, by which term we understand is meant its equivalent monetary value. the details ..... a matter for the legislature. classification on a reasonable basis is not bad because it is not done with mathematical accuracy -- (see stuart lindsley v. natural carbonic gas company, (1911) 55 law, edn. 369 at p. 377) & further there is a presumption that the legislature knows correctly about the needs of the people and the ..... discrimination by it must be deemed to be on adequate grounds (see charlie middleton v. texas power and light company, (1919) 63 law, edn. 527 at p. 581. it is further pointed out in jessie norton torrence magoun v. hinds trust and savings bank, (1898) .....

1. Mrs. Kailash Suneja (C.W. No. 5220 of 1993 and C.M. No. 1988 of 199 ...

Court : Delhi

Reported in : [1998]231ITR318(Delhi); [1998]97TAXMAN144(Delhi)

..... should not ordinarily be purchased.during the course of the proceedings, it was brought to the notice of the petitioner by the appropriate authority that a tea company of calcutta and one mr. jeff from abroad had made offers for purchasing the property. the petitioner was not furnished with any documentary evidence. the ..... stringent which result in an appropriation of property by the state. the authorities administering these laws should not lightly invoke these provisions : when proceedings for acquisition of property of a citizen are initiated by the competent authority, the provisions of the act should be strictly followed.'the court also observed :'the mode ..... transfer as agreed to between the parties has not been truly stated in the instrument of transfer, the competent authority may initiate proceedings for the acquisition of such property.under the proposed amendment, it is provided that no such proceedings shall be initiated in respect of properties transferred after the 30th .....

Kesavananda Bharati Sripadagalvaru and ors.Vs. State of Kerala and anr ...

Court : Supreme Court of India

Reported in : AIR1973SC1461; (1973)4SCC225; [1973]SuppSCR1

..... bank nationalisation case [1970] 3 s.c.r. 530 in which a bench of 11 judges held by a majority of 10 to 1 that the banking companies (acquisition and transfer of undertakings) act, 1969 violated the guarantee of compensation under article 31(2) in that, it provided for giving certain amounts determined according to principles ..... by this court in rustom cavasjee cooper v. union of india [1970] 3 s.c.r. 530 where it was held by ten judges that the banking companies (acquisition and transfer of undertakings) act violated the guarantee of compensation under article 31(2) in that it provided for giving certain amounts determined according to principles which ..... that the citizen's right to property has now been transferred into the state's right to confiscation, that acquisition under the land acquisition act and under other similar laws can be for the benefit of even limitied companies in the private sector, and that religious freedoms guaranteed by articles 25 to 30 can be virtually stifled by .....

State of Maharashtra Vs. Kusum Charudutt Bharma Upadhye

Court : Mumbai

Reported in : (1981)83BOMLR75; 1981MhLJ93

..... act of 1773 vested in the governor-general in council the whole civil and military government of the presidency of bengal, as also the government of the territorial acquisitions and revenues in the kingdom of bengal, bihar and orissa which were dewanny lands. by an act of 1781 (21 geo. ill c. 70) the ..... existence. the power under the regulating act was intended to apply to the east india company's settlement at fort william (calcutta) and other places subordinate thereto, while the act of 1781 authorized the making of regulations for the 'territorial acquisitions of bengal, bihar and orissa', that is, the dewanny kingdoms. although the regulating ..... 27, 1668 (20 car. ii), which recited the said letters patent of 1661 and the said marriage treaty, to 'give, grant, transfer, and confirm' to the london company the port and island of bombay 'with all the rights, profits, territories, and appurtenances thereof whatsoever, and all and singular royalties, revenues, rents, customs, castles, forts, .....

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 .....

C.V. Raman Vs. the Management of Bank of India, Regional Office, South ...

Court : Chennai

Reported in : (1985)2MLJ439

..... recourse to the appellate authority constituted under section 51 of the act. it was submitted that this contention was fully supported by the provisions of the banking companies (acquisition of undertakings) act, 1970 in and by which several banks were nationalised including the bank of, india, the first respondent in the above appeals. the ..... learned brother, ramanujam, j. the learned judge, on an analysis of the provisions of the shops act and on going through the important provisions of banking companies (acquisition of undertakings) act, 1970 hereinafter referred to as the nationalisation act, came to the conclusion that the bank of india was an establishment under the government ..... 49. to find out whether a nationalised bank will fall under the exemption clause, it is necessary on our part to make a reference to the banking companies (acquisition and transfer of undertakings) act of 1970 (central act v. of 1970). section 2 (d) defines--corresponding new bank in relation to an existing .....

Pnb Finance and Industries Ltd. and Others Vs. Miss Gita Kripalani, In ...

Court : Delhi

Reported in : (1985)49CTR(Del)249; ILR1985Delhi299

..... transfer of undertakings) act, 1970. the company was paid a sum of rs. 10.20 crores as compensation for the take-over of its banking business. the ..... the company, which was then known as the punjab national bank ltd., was a banking company, and the banking business of the company was transferred to and vested with the punjab national bank, a corporation, wholly owned by the government, with effect from the aforesaid date by virtue of an ordinance, which was later replaced by the banking companies (acquisition & ..... company, which has since changed its name and objects, has been carrying on other undertakings. pursuant to to the acquisition, the company, by a circular of february 28, 1973, gave an option to its shareholders to sell to it .....

Escorts Ltd. and Another Vs. Union of India and Others

Court : Mumbai

Reported in : [1985]57CompCas241(Bom)

..... when the state or its agents, purporting to act within this field, perform any act.234. the decision in divisional forest officer v. bishwanath tea co. ltd., : [1981]3scr662 , where a company tries to enforce through a writ petition the right to remove timber without the liability to pay royalty was relied upon in this context. the ..... disclosing if these are the only cases where such post facto approval has been granted and the number of cases where applications for permission made subsequent to the acquisition of the shares have been rejected though this was specifically pointed out by counsel for the petitioner ...'144. in our view, it is not necessary to ..... have fed 'wrong information' to mr. pranab mukherjee. there was no way rbi could have gone about such simple facts like the names of the companies of the companies or the companies or the place of their incorporation. he also alleged that there was 'clique of bureaucrats operating to discredit and defame the finance minister and the .....