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1 - 10 of 17 (0.31 seconds)The State Financial Corporations Act, 1951
Section 3 in The State Financial Corporations Act, 1951 [Entire Act]
Section 23 in The Indian Contract Act, 1872 [Entire Act]
Indian Overseas Bank vs Mrs. V. Vaijayanthimala And Ors. on 13 September, 1995
20. This Court in the decision, Indian Overseas Bank vs. V.Vaijayanthimala, reported in 1996 (I) CTC 724, has held that nothing remains in a case, except to reject the contention of the defendants on the ground that the rate of interest claimed by the bank was excessive, relying on the decision, Corporation Bank vs. D.S.Gowda and another, reported in 1994 (5) SCC 213, wherein it has been held as follows :
Hotel Vrinda Prakash Represented By The ... vs Karnataka State Financial Corporation ... on 21 August, 2007
In the decision, Hotel Vrinda Prakash rep. by the Managing Partner vs. Karnataka State Financial Corporation rep by its Managing Director, reported in AIR 2000 Kant 187, the High Court of Karnataka, while deciding a similar issue has held that the borrowers are not entitled to repay the outstanding principal sum in full or in part before the due date or dates prescribed for payment, except with the prior approval of the Corporation, subject to such terms and conditions that might be stipulated by the Corporation in this behalf at its sole discretion. In the decision, it has been further held as follows :
M/S. T.T. Limited vs Industrial Finance Corporation Of ... on 21 October, 2008
22. The High Court of Delhi in T.T.Limited vs. The Industrial Finance Corpn., of India Limited, reported in 2000 VII AD (Delhi) 146, has decided the very same question relating to premature repayment, which reads as follows:
Life Insurance Corporation Of India & ... vs Smt. S Sindhu on 4 May, 2006
17. Similarly, in the decision, Life Insurance Corporation of India vs. Smt. S.Sindhu, reported in 2006 (3) CTC 583, the Hon'ble Apex Court has held as follows :
Renusagar Power Co. Ltd vs General Electric Co on 7 October, 1993
In Renusagar Power Co., Ltd., vs. General Electric Co., reported in AIR 1994 SC 860, regarding Foreign Award (Recognition and Enforcement) Act (45 of 1961), Section 7 (1) (b) (i), the Hon'ble Supreme Court has held that the term 'public policy' referred to the public policy of India and having the view that the recognition and enforcement of an award of the Arbitral Tribunal cannot be questioned on the ground that it was contrary to the public policy of the State of New York. The term "Public policy" can be interpreted and applicable only in the Indian context.
Corporation Bank vs D.S. Godwa on 20 June, 1994
20. This Court in the decision, Indian Overseas Bank vs. V.Vaijayanthimala, reported in 1996 (I) CTC 724, has held that nothing remains in a case, except to reject the contention of the defendants on the ground that the rate of interest claimed by the bank was excessive, relying on the decision, Corporation Bank vs. D.S.Gowda and another, reported in 1994 (5) SCC 213, wherein it has been held as follows :