Clause (f) (w.e.f. 1.2.1965). ] (ff) deductions for recovery of loans made from any fund constituted for the welfare of labour in accordance with ... Clause (f) (w.e.f. 1.2.1965). ] (fff) deductions for recovery of loans granted for house-building or other purposes approved by ][the appropriate Government] [ Substituted
complete wage-period, but no recovery shall be made of such advances given for travelling expenses; (aa) [ recovery of an advance of money given after ... instalments by which they may be recovered. [12-A. Deductions for recovery of loans .-Deductions for recovery of loans granted under clause
Investment Amount
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1.4.1999 Cash in hand [Past saving] 42,707/-
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2.4.1999 Recovery of loan from Dharmram 46,000/-
Jat Badgaon
2.4.1999 Recovery of loan from ... loan received back from Shri Ram Niwas of Rs. 60,000/- loan received back from Shri Baksharam of Rs. 40,000/- loan received back from
loan received back from Shri Ram Niwas of Rs. 60,000 loan received back from Shri Baksharam of Rs. 40,000 loan received back from ... from as claimed by the assessee. The assessing officer concluded that recovery of loan shown from these persons is nothing but a paper exercise just
right to recovery
any amount rfrom the plaintiff under the Act. Another
submission of the plaintiff was that recovery of loan amount had
become time ... invoked against the Corporation. Recovery was also
held to be time barred as no action was taken for recovery of
.
loan from
loan can be recovered by auction of the mortgaged property and that
there are chances of recovering the loan amount and that her loan
account ... taken after the delivery of loan.
4. Efforts have been made to recover the loan and the possibility of
recovery has been minimized.
The board
strictly adhere to the guidelines / code
9
mentioned above during the loan recovery process."
[emphasis supplied].
13. RBI has expressed its concern about ... employees or agents
also adhere to the above guidelines during the loan
recovery process."
14. We deem it appropriate to remind the banks
loan. It has to be shown that the loan was part of
'the business of money-lending'.
(e) A plaintiff seeking a recovery ... loan. It has to be shown that the loan was part of the
'business of money-lending'. A plaintiff seeking a recovery
Banks that the matter pertaining to transaction of banking includes the recovery of loans and, therefore, when the procedure is provided for recovery of loans ... Banks. It can hardly be legitimately disputed that method provided for recovery of loan by realisation of secured assets and thereby to provide mode
petitioner to the respondent-Tehsildar (Recovery) under the Act for the recovery of Rs. 4,64,427 who initiated recovery proceedings against the petitioner ... loan advanced by them. While advancing loans the corporations do not act as ordinary bankers with a view to earn interest. The loans are advanced
