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S.B. Industries, Freegunj And Anr. vs United Bank Of India And Ors. on 30 August, 1977

14. Generally speaking the appointment of a receiver is recognized as one of harshest remedies, which the law provides for the enforcement of rights and is allowable only in extreme cases and in circumstances where the interest of the person seeking the appointment of a receiver is exposed to manifest peril. The Allahabad High Court in S.B. Industries v. United Bank of India enunciated the following principles for appointment of a receiver thus: A good prima facie case; Imminent danger or loss or diminution of value, destruction, or wastage of the property; removal of the property from the jurisdiction of the Court; ends of justice; rights of all parties interested in the subject matter of the suit; and adequacy of other remedies.
Allahabad High Court Cites 1 - Cited by 19 - Full Document
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