crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or (ii) has incurred expenditure ... such beneficiary. Explanation 6.—For the purposes of this sub-section,— (a) "banking company" shall have the meaning assigned to it in clause
before the Debts Recovery Tribunal within the local limits of whose jurisdiction- (a) the cause of action, wholly or in part, arises; (b) where ... located; or (c) the branch or any other office of a bank or financial institution is maintaining an account in which debt claimed is outstanding
a Regional Rural Bank established under section 3 of the Regional Rural Banks Act, 1976 ( 21 of 1976 ), or the Export Credit and Guarantee Corporation ... A;] [ Substituted by Act 36 of 1956, Section 3, for Cl. (b)(w.e.f. 10.3.1957).] (bb) [ "banking company" means a banking company as defined
What are reasonable means or what is a reasonable time in such a case, is a question of fact. It is not necessary that ... rupee. Here A has not committed the offence defined in this section. (b) A finds a letter on the road, containing a bank note. From
a company resident in India) or any income from securities issued by a non-resident (not being a permanent establishment of a non-resident ... rules made thereunder; (aa) "investment division of offshore banking unit" means an investment division of a banking unit of a non-resident located
means a branch of a [scheduled bank or a non-scheduled bank] [ Substituted by Act 14 of 1982, Section 10, for " scheduled bank ... a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new bank constituted under section
a scheduled bank or a co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a ... a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959*), a corresponding new bank constituted under section
exchange or a compulsory acquisition under any law for the time being in force but does not include a transfer, in a scheme of amalgamation ... a banking company, as referred to in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949) with a banking institution
Commissioner or Commissioner and the Dispute Resolution Panel referred to in clause (a) of sub-section (15) of section 144-C] [ Substituted ... following matters, namely:- (a) discovery and inspection; (b) enforcing the attendance of any person, including any officer of a banking company and examining
first proviso shall apply only in a case where the amount of consideration referred to therein, or a part thereof, has been paid ... payee cheque or an account payee bank draft or by use of electronic clearing system through a bank account or through such other electronic mode
