Consolidation - Law Dictionary Search Results
Home Dictionary Name: consolidationScheme of Consolidation
Scheme of Consolidation, 'the scheme of consolidation' means not some method of effecting consolidation as popularly understood, but the words were a specific reference to the provisions of s. 13(a) (b) and (c) of the Act, Deputy Director of Consolidation v. Deen Bandu, AIR 1965 SC 484 (489): (1964) 4 SCR 560. [U.P. Consolidation of Holdings Act (5 of 1954), s. 16A(2)]...
Consolidated fund
Consolidated fund, is the foundation stone of Parliamentary supervision and control over the finances in England, Commentary on Constitution of India, Durga Das Basu, Vol k, 6th Edn., p. 242.In India, the union as well as each of the States has a Consolidated Fund; the fund of the union is called the Consolidated Fund of India and that of a State that the Consolidated Fund of the State, Constitution of India, Art. 266(1)....
Consolidation of mortgages
Consolidation of mortgages. When different pro-perties are mortgaged by the same mortgage or to the same mortgagee for different debts, it was formerly the right of the mortgagee to refuse to allow the mortgagor to redeem one of the mortgages without also redeeming the others, the effect being to throw the whole of the debts on the whole of the properties and thus 'consolidate' the mortgages. This right of the mortgagee was an application of the maxim, 'He who seeks equity must do equity'; it was not considered fair to the mortgagee to allow the mortgagor to pay off one mortgage, which perhaps was well secured, and leave the mortgagee with another mortgage on his hands which might be very insufficiently secured. But though the doctrine was not unfair or unreasonable as originally applied, it came to be extended to cases where, owing to devolutions of title having taken place, its application was manifestly unjust, and attempts were made by the Courts to limit its exercise. Finally, the...
consolidate
consolidate -dat·ed -dat·ing : to join together into one whole: as a : to combine (two or more lawsuits or matters that involve a common question of law or fact) into one compare class action NOTE: Consolidation of matters in the federal courts is governed by Rule 42 of the Federal Rules of Civil Procedure. Consolidated cases may become one single action with a single judgment, or may retain their individual identities although tried together. The court may also try one representative case and render a judgment binding on the other cases. b : to combine (two or more corporations) to form one new corporation compare merger con·sol·i·da·tion [kən-sÄ -lə-dā-shən] n ...
Consolidating actions
Consolidating actions. If several actions between the same parties were brought, and were pending for the same cause, or substantially so, the court may stay the proceedings in all but one. And if two or more actions were brought by the same plaintiff, at the same time, against the same defendant, for causes of action which might have been joined in the same action, the court or a judge, if they deemed the proceeding vexatious or oppressive, would in general compel the plaintiff to consolidate them. Chitty's Arch. Pr. Under the Rules of the Supreme Court, actions maybe consolidated by order as before (R.S.C. 1883, Ord. XLIX., r. 8)....
Consolidation Acts (English)
Consolidation Acts (English). Acts by which several Acts upon the same subject are reduced into one. Of such a character are the Larceny Act, 1861, now largely repealed and replaced by the Larceny Act, 1916, and other Criminal Law Consolidation Acts of 1861, the Public Health Act, 1875, the Municipal Corporations Act, 1882, the Sheriffs Act, 1887, the Arbitration Act, 1889, the Factors Act, 1889, the Lunacy Act, 1890, the Stamp Act, 1891, the Merchant Shipping Act, 1894, the Friendly Societies Act, 1896, the Factory and Workshop Act, 1901, the Coal Mines Act, 1911, the Forgery Act, 1913, the Companies Act,1929, the Poor Law Act, 1930, the Local Government Act, 1933, the County Court Act, 1934.The (English) Interpretation Act, 1889 (see that title), by s. 38(1) enacts that--Where this Act or any Act passed after the commencement of this Act repeals and re-enacts, with or without modification, any provisions of a former Act, references in any other Act to the provisions so repealed shall...
substantive consolidation
substantive consolidation Putting the assets and liabilities of two or more related debtors into a single pool to pay creditors. (Courts are reluctant to allow substantive consolidation since the action must not only justify the benefit that one set of creditors receives, but also the harm that other creditors suffer as a result.) Source: Administrative Office of the U.S. Courts ...
Consolidant
Serving to unite or consolidate having the quality of consolidating or making firm...
Consolidation
The act or process of consolidating making firm or uniting the state of being consolidated solidification combination...
Charged on and paid out of the consolidated fund
Charged on and paid out of the consolidated fund, The words 'charged on and paid out of the consolidated fund' in Article 291 mean that the sum shall not be submitted to the vote of Parliament, and Article 113(1) makes a provision to that effect. Article 291 does not by itself create any independent right of any Ruler to be paid any sum out of any charged fund, H.H. Maharajadhiraja Madhav Rao Jivaji Rao Scindia Bahadur of Gwalior v. Union of India, (1973) 3 SCR 9: (1971) 1 SCC 85: AIR 1971 SC 530....
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