Financial Creditor
- West Bengal Financial Corporation ("WBFC") filed I.A.
No.426/KB/2021, by which it sought injunction against the
actions ... Adjudicating Authority
on 30.04.2021, which was also challenged by the WBFC in
Company Appeal (AT) (INS.) No.536 of 2021, which too was
dismissed
proceeding the West Bengal Financial Corporation (hereinafter referred to as "WBFC") took notional possession of the plant and machinery of the company ... formal possession was taken on December 8,1998.
4. WBFC made an application inter alia asking for leave to sale the assets of the company
debtor, Inter alia, against its creditor respondent-West Bengal Financial Corporation (WBFC). Petitioner has questioned annexure D dated 26.11.1996 being notice Issued under Section ... interest payable.
4. Annexure 'A' is the letter of WBFC sanctioning the loan and specifying therein terms and conditions upon which the loan
Cold
Storage in issue by the Respondent/West Bengal
Financial Corporation (WBFC) in favour of the Private
Respondent No.6.
Mr, Chakraborty, Learned Counsel ... sale in favour of
the Private Respondent No.6 by the WBFC has not been
in accordance with either the statute or the agreement
loan from West Bengal Financial Corporation (hereinafter
referred to as the 'WBFC') and any further loan from any other source will have ... subject to the rules and regulations of the WBFC and that without the
permission of the WBFC such loan could not be repaid.
The Trial
follows:
2. The respondent No. 1 the West Bengal Financial Corporation (WBFC for short) and the respondent No. 4 the West Bengal Industrial Development Corporation ... pages 150-155 of the writ petition containing demands made by WBFC for payment and in default thereof proposing to take measures for recovery. These
then invited to the letter dated 7th of June, 2004 sent by
WBFC to petitioner No. 1 (at page 36 of the writ petition ... petitioners could not produce any such
communication so as to indicate that WBFC agreed to reduce the rate of interest in respect
of four accounts
advertisement, published at the instance of West Bengal
Financial Corporation (hereafter WBFC), inviting offers for sale of assets of M/s.
S.P. Cycles Limited ... crores which was adjudged highest. Due to pending court
cases, WBFC was unable to complete sale of the said assets. However, with the
dismissal
Datta,
Mr. Abhijit Sarkar,
Mr. Abhik Chitta Kundu
... For the WBFC.
1. The petitioner seeks release of enhanced amount
of gratuity from his former employer ... WBFC.
Admittedly, the employees of WBFC have a separate
gratuity fund which is maintained with the LICI.
Gratuity is, however, payable in terms
been default and the West Bengal Financial
Corporation (for brevity, "WBFC") took their own sweet time to initiate
action against the defaulting borrower ... dispute that the said proceeding initiated under Section 29
by the WBFC was never put to challenge by the company or by the
Directors
