Perfect Security Services, Ahmedabad vs Assessee
-1-
IN THE INCOME TAX APPELLATE TRIBUNAL
AHMEDABAD BENCH "C" AHMEDABAD
Before S/Shri Bhavnesh Saini ... Agrawal, AM
ITA No.420/Ahd/2009
Asst. Year 2003-04
Perfect Security Services, Prop. Vs. Dy. CIT, Circle-2,
Shyourajsingh B. Chauhan
from the Lender.
Security Documents The Security Provider will be
required to execute all relevant
documentation in respect of the
Security to the satisfaction ... additional security shall
be treated as an Event of Default under
the Loan Agreement.
Security The Borrower and/or Security
Documents Provider/Corporate Guarantor agrees
intimating the
minority shareholders. According to Godrej it was done to perfect
their security. The Company refused to register the shares and
returned them back ... favour of Godrej, no injunction can
be issued against Godrej from perfecting their security
security as an interim
arrangement till the security for the Kiratpur property owned by
the respondent No.5 is perfected, since they are in need ... perfected. The learned Tribunal was prima
facie of the opinion that once the securities had been perfected, the
property given as security by the petitioner
Johnston Foreign Patents Co. (1904) 2 Ch. 234, show that a security, though defective as a legal mortgage, may be enforceable in equity ... that the right of an equitable mortgagee is to have his security perfected by the execution of a legal mortgage and he can combine this
which must take place, and which, unless in a condition of perfect security, must take place uselessly or worse, are too great a price
Kkr India Financial Services Limited vs Axis Bank Limited on 5 March, 2020
Equivalent citations
mortgage. The right of the equitable mortgagee is to have his security perfected by the execution of a legal mortgage; and he can combine this ... that of a secured creditor.
33. Now I wish to make it perfectly plain that we are not deciding that after a winding
general rule of interest in commercial transactions and in loans on perfect security. We know the rate of interest juries are in the habit
been executed by seizure, the creditor has acquired no security upon his debtor's property within the meaning of the Bankruptcy ... debt was transferred, and there was a complete and perfect security the moment the order of attachment was served.
40. It must at once
