have included within the term borrower only the heir of the legal representative of the original borrower. A definition was not necessary, if that ... original borrower. Those persons must have the essential attributes of a borrower, though they may not have all the attributes of the original borrower
according to it "borrowed money" means "borrowed money". The result, therefore, is that what the definition seems to contemplate ... borrowed money" and within that genus it defines a species which Is also "borrowed money'' and which according to the definition
concerned, as he is not borrower. As I find from the definition of borrower of the said Act which provides that 'borrower means ... property under the Transfer of Property Act , so, the aforesaid definition 'borrower' has also to be read in conjunction with the provision
money lending" as declared in the preamble and the special definition of borrower in Section 2(2) of the Act extends its meaning ... successor-in-interest within the meaning of the Statute. While the definition of borrower included successor-in-interest the definition of the word 'lender
Katras Jharia Coal Co. Ltd. vs State Of West Bengal And Ors. on 25 January
substance a loan. This view finds support from the definition of "borrower" in the Act. We are therefore of opinion that the appellant
occupier" in the E.S.I. Act has been borrowed from the definition of "occupier" in the Factories Act, 1948 . The petitioner ... term "occupier" of the factory having been borrowed from the definition given in the Factories Act and by deeming provision made therein
where money has not been borrowed and debt has not been
incurred are brought within the scope of the definition as in the case ... manner in respect of
any moneys borrowed or debt incurred proceeds to include in the terms money borrowed or
debt incurred, deposits, claims
arising due to third-
party defaults, such as indirect defaults of the borrowers.
127.4. Any dispute between two banks, financial institutions, asset
reconstruction companies ... phrase "any person" in the definition of "borrower" in Section 2(f)
of the SARFAESI Act, makes it abundantly clear that
section 15 of
2
the 1985 Act so also the definition of 'borrower' under Section ... word
'borrower' to which recourse has been taken is to be confined to the
1985 Act alone and its definition
