Ghanta Infrastructures Ltd., A Company ... vs Asset Reconstruction Company (India) ... on 23 January, 2008
Equivalent
Companies Act, 1956. The Supreme Court took the view that the
Income-tax Department is to be treated as a secured creditor in the light ... effect that the liquidator shall set aside the amount notified by the
Income-tax Officer and if it is not so done, the liquidator
dated 17.7.2004, under the nomenclature 'Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances' (prudential norms, for brevity). A copy ... this Court extracts of the circular from "Law and Practice of Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest
steps taken by the first respondent invoking the provisions of the Securitisation Act is illegal, arbitrary and violative of Constitution of India. It is stated ... presently residing and enjoying the above said property and also the income derived out of the rents from the house. When the borrowers failed
Financial matters, the Reserve Bank of India introduced prudential norms for income recognition, asset classification and provisioning for the advances. Before introducing the prudential norms ... recommendations of Narasimham Committee and Andhyarujina Committee the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 was enacted giving powers
Gajula Exim (P) Ltd. vs Authorised Officer, Andhra Bank, Main ... on 2 May, 2008
Equivalent
M/S Venshiv Pharma Chem (P) Ltd. And ... vs State Bank Of India, Stressed Assets
P.S.R. Krishna And Ors. vs Union Of India (Uoi) Rep., By Its ... on
M. Babu Rao And Ors. vs Deputy Registrar Of Co-Operative ... on 5 July, 2005
M/S.Swetha Exports Rep. By Its ... vs 1. Bank Of India & Anr on