petitioner is engaged, inter
alia, in the business of providing financial accommodation. It is alleged that the
respondent was in dire need of funds ... approached the petitioner for financial
accommodation. Pursuant to negotiations, the petitioner advanced a sum of
Rs.65 lakhs to the respondent. The funds were transferred
petitioner is engaged, inter
alia, in the business of providing financial accommodation. It is alleged that the
respondent was in dire need of funds ... approached the petitioner for financial
accommodation. Pursuant to negotiations, the petitioner advanced a sum of
Rs.3.35 crores to the respondent. The funds were
flat
buyer may independently approach any bank or financial institution
for loan or financial accommodation, Amrapali Group of Companies
had advertised that an arrangement ... this Scheme, an arrangement was contemplated,
whereunder the bank would extend financial accommodation for the
benefit of buyer but the money would be directly paid
case had entered into an agreement dated
May 29, 2018 for financial accommodation. In terms of the said
agreement, the petitioner lent and advanced ... partner of the Second Party regarding this Financial Accommodation the
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same shall be referred to a sole arbitrator, and the award of such
Arbitrator
funds by a nonbanking financial
company or a class of nonbanking financial companies or
32
nonbanking financial companies generally, as the case ... banking financial companies generally or to a class of
non banking financial companies or to any nonbanking
financial company in particular
New Okhla Industrial Development ... vs Anand Sonbhadra on 17 May, 2022
Author: K.M. Joseph
when the applications for
modification/clarification were preferred by the banks and financial
institutions, on the basis of which the order dated 25.02.2018 was passed ... only be by way of an additional security. None of the
banks/financial institutions had indicated why the unencumbered shares
were sought
thus, does not
stop at the date of sanction of the financial accommodation, but
continues on such dates, when, the act in furtherance ... original
financial accommodation occurs or indulged in. Hence, the issuance of
charge sheet to the petitioner is justified and not coming under
Regulation
mentioned in sub-
section (3) are that the institution has adequate
financial resources, accommodation, library,
qualified staff, laboratory and that it fulfils such
other conditions ... Regional
Committee to itself obtain complete particulars and
details of financial resources, accommodation,
library, qualified staff, laboratory and other
conditions of the institution which
mentioned in sub-
section (3) are that the institution has adequate
financial resources, accommodation, library,
qualified staff, laboratory and that it fulfils such
other conditions ... Regional
Committee to itself obtain complete particulars and
details of financial resources, accommodation,
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library, qualified staff, laboratory and other
conditions of the institution which
