such institution if it is
satisfied that the institution has adequate financial resources,
accommodation, library, qualified staff, laboratory and that it fulfils such
other conditions ... about the
matters enumerated therein, namely, that the institution has adequate
financial resources, accommodation, library, qualified staff, laboratory and
that it fulfills other conditions required
shall,--
(a) if it is satisfied that such institution
has adequate financial resources,
accommodation, library, qualified staff,
laboratory and that it fulfils such other
conditions ... satisfied that such recognised
institution has adequate financial
resources, accommodation, library,
qualified staff, laboratory and that it
fulfils such other conditions required for
proper conduct
shall,-
(a) if it is satisfied that such institution has adequate
financial resources, accommodation, library, qualified
staff, laboratory and that if fulfils such other conditions ... satisfied that such recognised institution has
adequate financial resources, accommodation, library, qualified
staff, laboratory, and that it fulfils such other conditions
required for proper conduct
operative society, the primary object of which is
to provide financial accommodation to its
members and includes a co-operative land
mortgage bank;
(cciia ... primary object or principal business of
which is to provide financial accommodation
to its members for agricultural purposes or
for purposes connected with agricultural
activities
shall,-
(a) if it is satisfied that such institution has adequate
financial resources, accommodation, library, qualified
staff, laboratory and that if fulfils such other conditions ... satisfied that such recognised institution has
adequate financial resources, accommodation, library, qualified
staff, laboratory, and that it fulfils such other conditions
required for proper conduct
such institution if it is
satisfied that the institution has adequate financial resources,
accommodation, library, qualified staff, laboratory and that it fulfils such
other conditions ... about the
matters enumerated therein, namely, that the institution has adequate
financial resources, accommodation, library, qualified staff, laboratory and
that it fulfills other conditions required
Central Bank Of India vs Ravindra And Ors on 18 October, 2001
Equivalent citations: AIR
reasons including the vicissitudes of trade
and business dealings where financial accommodation given by the parties to
each other is not an unknown phenomenon. Suffice
secured advances,
(c) the maximum amount of advances or other
financial accommodation which, having regard to
the paid-up capital, reserves and deposits ... interest and other terms and
conditions on which advances or other financial
accommodation may be made or guarantees may
be given.
(3) Every banking company
profits will be paid to the respondents in consideration of the financial accommodation given by them. The plaint proceeds to state that on account
