Nariman Point,
Bombay requesting the Bank to supply details of
the export outstanding of the Company. Indian
Bank supplied necessary information and
indicated that ... export outstanding of the
Company was Rs.16,60,00,000/-. The Reserve Bank
of India turned down the request of the Company
for reimbursement
were wholly unsatisfactory
on account of mismanagement of its affairs with huge
outstandings due to the workers, and the reserves of the
Company had been ... workers. At that point of time
the Company had outstanding export orders to the tune of Rs.
4.5 crores but was not able to execute
Foods (India) Ltd.,
was one, including the export award certificate awarded to
M/s.Allanasons Limited for outstanding contribution for
promotion of agricultural and processed ... integrated food processing unit along with an abattoir,
products whereof could be exported as well as sold in the
State of West Bengal. Respondent
monies
to M/s. Radha Exports during the Financial Years 2001-
2002, 2002-2003 and 2003-2004 and amount outstanding
from the said the partnership ... Appellant
Company and further acknowledged that the amount outstanding
from the erstwhile firm M/s. Radha Exports to the Respondent
them as the price of the goods exported to
various parties outside India. Two of such exporters were
M/s. K. O. Krishnaswamy the respondent ... details given below :
------------------------------------------------------------
Name Value of export No. of Amount Amount
as shown in ship- repatriated outstanding
the GR. 1.forms ments
convinced the latter to do business with the appellant through the exporter.
The High Court, after relying upon judicial pronouncements defining essential
ingredients of criminal ... trust or cheating. The FIR refers to the total outstanding from the
export made through M/s. Oswal Overseas
will arise. The
assessee in this case is agreeable to have the outstanding
amount of foreign currency payable to him at the rate of
exchange ... goods exported by the assessee
were credited to their bank account in Indian rupees. There
is no dispute that the amounts which were outstanding
divided between the Corporation and the Exporter in the
13
proportion of 90:10. As stated above, the outstanding
receivable ... respect of loss to which the Policy applies". According to
the Exporter, the words "in respect of loss" restrict the first
three
divided between the Corporation and the Exporter in the
13
proportion of 90:10. As stated above, the outstanding
receivable ... respect of loss to which the Policy applies". According to
the Exporter, the words "in respect of loss" restrict the first
three
Company intend to enter into some other
profitable business. such as export business which was
within its objects. The mere fact that it had suffered ... creditors, who opposed the winding up
petition would help it in the export business. The company
had not abandoned the objects of its business. Their
