activities or operations of the undertaking; (b) the specific loans or borrowings (including debentures) raised, incurred and utilised solely for the activities or operations ... clause (b), so much of the amounts of general or multipurpose borrowings, if any, of the demerged company as stand in the same proportion which
Bank as on the date of filing the application; (ii) the borrower has created security interest over various properties and that the Bank or Financial ... Bank or Financial Institution is within the limitation period; (iii) the borrower has created security interest over various properties giving the details of properties referred
appeal' by Act No. 44 of 2016.]
(1) Any person (including borrower), aggrieved by any of the measures referred to in sub-section ... that different fees may be prescribed for making the application by the borrower and the person other than the borrower.] [Inserted by the Enforcement
company, by any Indian company or business trust in respect of monies borrowed from a source outside India by way of issue of rupee denominated ... interest payable— (a) by Government or a local authority on moneys borrowed by it before the 1st day of June, 2001 from, or debts owed
amount of the interest paid in respect of capital borrowed for the purposes of the business or profession: [Provided that any amount of the interest ... paid, in respect of capital borrowed for acquisition of an asset [***] [ Inserted by Act 32 of 2003, Section 18 (w.e.f. 1.4.2004).] (whether capitalised
application for charitable or religious purposes, from any loan or borrowing, shall not be treated as application of income for charitable or religious purposes: Provided ... religious purposes in the previous year in which the loan or borrowing, or part thereof, is repaid from the income of that year
creditor in accordance with the provisions of this Act. (2) Where any borrower, who is under a liability to a secured creditor under a security ... creditor as non-performing asset, then, the secured creditor may require the borrower by notice in writing to discharge in full his liabilities
payable by the assessee an interest on any loan or borrowing from any public financial institution ] [Inserted by Act 26 of 1988, Section ... Section 12 (w.e.f. 1.4.1989).] [governing such loan or borrowing; or] [ Substituted by Act 33 of 1996, Section 18, for certain words
rules, copies of documents certified to be true copies. 42. Restriction on borrowing.
- A registered society may receive deposits and may borrow from its members ... pledged with the society ; (d) on personal security without sureties, unless the borrowing member has unencumbered immovable property or attachable funded assets sufficient to cover
banks and financial institutions, but also made provision
for ensuring that defaulting borrowers are not able to invoke the jurisdiction of
Civil Courts for frustrating ... synonymous with those of the regular Courts and the lawyers
representing the borrowers and defaulters used every possible mechanism and
dilatory tactics to impede
