Constitution and other being the concept of
Emergency Credit Loan Guarantee Scheme and
banker's prerogative. The coordinate Bench has held
as follows ... then two schemes were launched: (i)
Guaranteed Emergency Credit Line (GECL) and
Emergency Credit Line Guarantee Scheme (ECLGS)
through respondent-Piramal Enterprises. The scheme
placed by the
petitioner on Central Government's Guidelines Emergency
Credit Line Guarantee Scheme (hereinafter 'ECLGS') does
not much come ... vulnerable for challenge in writ jurisdiction.
E. AS TO EMERGENCY CREDIT LOAN GUARANTEE
SCHEME AND BANKER'S PREROGATIVE:
(i) The ECLG scheme promulgated
schemes were launched - one Guaranteed Emergency
Credit Line ('GECL') and Emergency Credit Line Guarantee Scheme
('ECLGS') through respondent No.5/Piramal ... Constitution and other being the concept of
Emergency Credit Loan Guarantee Scheme and banker's
prerogative. The coordinate Bench has held as follows
INITIATE INSTRUCTIONS AND
GUIDELINES FOR THE IMPLEMENTATION OF THE EMERGENCY
CREDIT LINE GUARANTEE SCHEME (ECLGS) OPERATIONAL
GUIDELINES UPDATED AS ON OCTOBER 1, 2021 VIDE
ANNEXURE ... issue instructions and guidelines for the
implementation of the Emergency Credit Line Guarantee
Scheme vide Annexure G. There are further directions
exercised only in
extraordinary circumstances in matters
pertaining to proceedings and
adjudicatory scheme qua a statute, more
so in commercial matters involving a
lender ... 2023
E. AS TO EMERGENCY CREDIT LOAN
GUARANTEE SCHEME AND BANKER'S
PREROGATIVE:
(i) xx xx xx xx xx
(ii) The Apex Court
second respondent. As per
the Operational Guidelines dated 04.08.2020, Emergency
3
Credit Line Guarantee Scheme is required to be extended
to the MSME units ... extended some benefit to the petitioner. The
Emergency Credit Line Guarantee Operational Guidelines
4
have been brought into effect in view of the Covid
INDIA, PRAYING TO DIRECT THE
RESPONDENT TO CONSIDER AND APPLY THE ECLG SCHEME
(ANNEXURE-L) TO THE CASE OF THE PETITIONER AND ETC.,
THIS PETITION ... restructuring of the loan package in the light of Emergency
Credit Line Guarantee Scheme dated 26.11.2020 and the
RBI Circular dated 06.08.2020, after quashing
Securities Exchange Board Of India vs Franklin Templeton Trustees Services ... on 24 October, 2020
Equivalent
Synchron Machine Tools P. Ltd. And ... vs U.M. Suresh Rao on 17 September, 1992
State Bank Of India vs Hegde And Golay Limited on 26 July, 1985
Equivalent citations
