learned counsel for the respondent-
plaintiff that they are not borrower, the definition of
borrower provided under Section ... itself the case
of the respondent-plaintiff company falls within the
definition of borrower because the company has given
guarantee to get forward contract limit
taxing statute cannot be
borrowed unless and until specifically provided in such Act. The respondent
is attempting to borrow definition of 'manufacture' from ... absence of specific provision in 1963 Act, it was impermissible to
borrow definition from Central Excise Act which is an independent Act
levying a different
legislate in
the field of Income Tax has done so by borrowing the
definition of NRI from the Income ... that the
20 W.P No.14826/2017 &
Bunch
definition has been borrowed from the Income Tax Act
and has been incorporated
Order", it will be
offending the legislative intent to borrow the definition of
"Decree" or "Order" from any other ... Court" is made necessary.
It will be a misconception to borrow the definition of
"Decree" or "Order" from the provisions
expressive defined in the Prevention of Corruption Act,
1947 , it has borrowed the definition from s. 21 of the
Indian Penal Code, such a definition ... read as supplemental to the Penal Code, and therefore the
definition borrowed from the Penal Code must be read into
borrowers. In
the context of the classification of the account of a borrower as a NPA of
the CREDITOR, while one class of borrowers ... Mardia
Chemicals (supra) requires reconsideration. As pointed out by the
borrowers, the definition of the expression "NPA" [under Section 2(1)(o) ]
underwent
mental faculties and intelligence from very childhood. So far as the definition of an insane person i.e, a man of unsound mind is concerned ... This, in a 3ense, is the definition borrowed from the opinions of the, fifteen Judges in Daniel McNaughten's case who unanimously laid down
authority" has not been defined under 1961 Act, the
definition may be borrowed from Section 3(31) of the 1897 Act.
However, according ... contradistinct
from the expression "includes". Learned counsel submitted
that borrowing definition from other statutes is not a safe
guide, particularly, when the explanation
with a company. It also acts as an inclusive definition including 'any money borrowed by' a company and also excluding the amounts received ... pledge for the relevant loan ;"
7. While borrowing is included in the definition, sub-clauses (iii) and (iv) show that a loan would also
Securitization Act. Nor
the petitioner was a 'borrower' under the definition of
Section 2(f) on 26.5.2001 or on 6.5.2002 since a
borrower ... whose accounts became non performing. Reference has
been made to definition 'borrower' under Section 2(f) , default under
Section 2(j) , hypothecation under
