property.
The plaintiff applied for a loan of Rs.21 lakhs from TIIC, he mortgaged the suit
property and got Rs.9.25 lakhs ... suit property was purchased by the plaintiff out the loan amount
from TIIC. The first defendant was running a jewellery shop and discontinued
the same
recited in the sale deed document No.1620 dated 04.04.2007 executed by TIIC, a public authority, in favour of the petitioner herein in respect ... property was mortgaged with the Tamil Nadu Industrial Investment Corporation (hereinafter called TIIC). As the said Sri Raghavendra Splints Industries had committed default, TIIC foreclosed
availing the loan provided by Tamil Nadu Industrial Investment Corporation Ltd (TIIC Ltd). However, they had also borrowed some amount from Thangarasu (son of Rangasamy ... from the Tahsildar, examined the Branch Manager of TIIC, Erode, recovered the tractor (M.O.1) under Ex.P3-Seizure Mahazar in the presence
Legal Adviser of the Tamil Nadu Industrial Investment Corporation Limited thereinafter called (TIIC), a Government of Tamil Nadu under-taking. A written complaint was made ... said Nalla Gounder as security for a loan
sought for from the TIIC. The TIIC sought the opinion of the Government and the Government
Tamil Nadu Industrial Investment Corporation Limited (hereinafter referred to as TIIC) and due to the default in payment of money, the land belonging to United ... small amount was due. On 14.9.1995, M/s.TIIC issued a letter demanding the balance of Rs.42,576/- and stated that after receiving
auction sale notification of the second respondent dated 04.02.2007 bearing reference TIIC/TNY/RO/15/2006-07 or pursuant to any other action.
For Petitioner ... auction sale notification of the second respondent dated 04.02.2007 bearing reference TIIC/TNY/RO/15/2006-07 or pursuant to any other action.
2. Brief
relates to Sl.No.8 therein and the proceedings in TIIC/SRB/LAO-VRG/2007-08 dated 11.06.2007 of the third respondent herein ... which, the respondent Tamil Nadu Industrial Investment Corporation (for short TIIC) made a publication followed by a letter dated 11.06.2007 sent by the Branch Manager
brevity] against the
Tamil Nadu Industrial Investments Corporation Limited ('TIIC' for
brevity), Commissioner of Commercial Taxes and Deputy Commercial
http://www.judis ... Court on
24.07.2017 by a detailed order.
5. To be noted, Virgo, TIIC and Commercial Tax Department
were represented before this Court when the writ
developing the properties, loans
were raised from the financial institution called TIIC, and as on the date of
memorandum of understanding the outstanding payable ... TIIC was
Rs.1,90,00,000/-, and that liability was fastened on Group-1. In spite of the
memorandum of understanding, stated supra
virtue of article 37 the Tamil Nadu Industrial Investment Corporation Ltd. ("TIIC") shall have right to nominate two directors on the board ... long as any amounts are owing by the company to TIIC. The other shareholders shall have the right to nominate two directors (other shareholder-directors
