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
Steels Pvt. Ltd. (borrower) had taken
loans/financial accommodation from the Uttar Pradesh Financial
Corporation (UPFC). Because of the consistent default on the part
example, NCTE is required to satisfy itself about the adequate
financial resources, accommodation, library, qualified staff, and
laboratory required for proper functioning of an institution ... affiliation on the ground
that the institution does not have adequate financial resources,
accommodation, library, qualified staff, or laboratory required for proper
functioning
accounts are mentioned where the respondent had
given loans or other financial accommodation either beyond her powers
or without obtaining proper securities. That would show
Regional Committee is satisfied that such institution has adequate financial resources, accommodation, library, qualified staff, laboratory and that it fulfills such other conditions required ... shall.
(a) If it is satisfied that such institution has adequate financial resources, accommodation, library qualified staff, laboratory and that it fulfills such other conditions
Financial Institutions. He
further submitted that in any case the appellant had also vital interest
in the matter. The Company had taken financial accommodations from
recognition
only when it is satisfied that an
institution has adequate financial
resources, accommodation, library,
laboratory, qualified staff and that it
fulfills such other conditions ... affiliation on the ground that such
institution does not have adequate
financial resources, accommodation,
library, qualified staff, laboratory or
it lacks conditions required for proper
duty on the dates it was due and,
therefore, taken financial accommodation at the
cost of exchequer. The Bench is therefore, not
inclined to grant
Financial
Institutions. He further submitted that in any case the appellant had
also vital interest in the matter. The Company had taken financial
accommodations from
given in the ordinary course of business by way of temporary
financial accommodation to be recovered out of the salary paid to
the employees ... share up the personal finances of the employees, to meet
any emergency/financial commitment and keep the employees
motivated, contended and happy.
13. Insofar
