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Debt

India under the Transfer of Property Act which calls it an 'actionable claim', Delhi Cloth and General Mills Ltd. v. Harnam Singh, AIR 1955 SC 590: (1955) 2 SCR 402. (ii) means an advance in cash or in … 365) according to the rules which may be in force for the time being under the law of bankruptcy with respect to the assets of persons adjudged bankrupt, A.E. Act, 1925, s. 34(1), Part I. of the

Person

Regulatory commission, AIR 2006 AP 12. 'Person' includes company or association or body of persons, see Standard Chatered Bank v. Directorate of Enforcement, AIR 2005 SC 2622. 'Person', Person includes any company, Fidelity Industries Ltd. v. State, … construed in the case of a company, a firm of partners or an association of persons, J.K. Industries Ltd. v. Chief Inspector of Factories and Boilers, (1997) SCC (205) 1. Person, in an Act of Parliament passed after

Cheque

or specially to himself and the customer has no title or a defective title thereto.' But see Underwood, Ltd. v. Bank of Liverpool, 1924 (1) KB 775; and Lloyds Bank, Ltd. v. Savory & Co., (1933) 49 TLR 116.

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Not negotiable

s. 82 of the Act [Slingsby v. Westminster Bank Ltd., (1931) 1 KB 173; see also Imports Company Ltd. v. Westminster Bank Ltd., (1927) 2 KB 297; and R.E. Jones Ltd. v. Waring and Gillow Ltd., (1925) 2

Court

court of law established by Government as a part of judiciary wing of the State, Globe Cog-eneration Power Ltd. v. H.S.S.K. Niyamit, AIR 2005 Karn 94. The jurisdiction of the High Court to issues writs is more extensive … jurisdiction for executing the decree in question is 'a court' within the scope of s. 45C of the Banking Companies Act, Ram Narain v. Simla Banking and Industrial Co. Ltd., AIR 1956 SC 614 (624): 1957 SCR

Reserve

nature of the two reserves are different. They are intended to serve two different purposes, Indian Overseas Bank Ltd. v. Commissioner of Income Tax, AIR 1970 SC 1530: (1970) 2 SCC 4: (1971) 1 SCR 348. In its

Workman

an existing right arising from his relationship as an industrial workman with his employer, National Buildings Construction Corporation Ltd. v. Pritam Singh Gill, AIR 1972 SC 1579: (1972) 2 SCC 1: (1973) 1 SCR 40. Cart driver engaged … a power vested in him or by the nature of duties attached to his office, All India Reserve Bank Employees' Association v. Reserve Bank of India, AIR 1966 SC 305: (1966) 1 SCR 25. The term 'workman'

Crossed cheques

Geo. 5, c. 44); Slingsby v. Westminster Bank Ltd., (1931) 1 KB 122, affirmed sub nom. Lloyds Bank Ltd. v. Savory & Co., 1933 AC 201; see also 'NOT NEGOTIABLE.' If the lines are drawn simply, or if

Business

to, such trade, commerce, manufacture adventure or concern ....... [Rajasthan Sales Tax Act, 1954, s. 2(cc)], Gopal Industries Ltd. v. State of Rajasthan, AIR 1971 SC 2054 (2057): (1971) 2 SCC 532. The expression 'business', as observed by … has no definite meaning. Its perceptions differ from private to public sector or from institutional financing to commercial banking, Mahesh Chandra v. Regional Manager Uttar Pradesh Financial Corpn., AIR 1993 SC 935 (939): (1993) 2 SCC 279.

Inquiry

156. Includes 'investigation' into facts, causes, effects and relations generally, 'to inquire' (New Standard Dictionary) Real Value Appliances Ltd. v. Canara Bank, (1998) 5 SCC 554. Means every inquiry other than a trial, conducted under this Code by

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