Letter dated 12.11.2006
.
regarding settlement of SLR
bonds issued by UPFC
Ext.PW1/E Letter dated 15.12.2006 issued
by plaintiffs to UPFC ... Letter dated 25.8.2007 issued by
plaintiffs to UPFC
Ext.PW1/G Letter dated 12.2.2008 issued by
plaintiffs to UPFC.
Ext. PW2/A Letter
year 1986; U.P. Financial Corporation (hereinafter
referred to as 'UPFC') was approached by the petitioner
Company and term loan ... term loan as
2
agreed between the Management and the UPFC till
1989; Management of the petitioner company was
changed to make it financially sound
case of Uttar
Pradesh Forest Corporation (hereinafter referred to as 'UPFC') wherein
the ITAT held that 54% of the interest earned ... gave effect to the order of the ITAT in
the case of UPFC did not reduce 54% of the interest from the income of
UPFC
opposite party (OP), the Uttar Pradesh Financial Corporation (hereinafter referred to as UPFC) and a loan agreement/deed of hypothecation was executed between the parties ... received by the complainant in April 1999 from the Managing Director, UPFC, inviting applications for one time settlement (OTS) under some proposed policy for settlement
Agreement
although they had written a letter to the Regional Manager, UPFC on
12.11.2007 wherein they have acknowledged that the plaintiff was the
purchaser ... suit property and they wanted to settle the mortgage with
the UPFC. However, the said document is not on record. The learned
counsel
further stated that the sale proceeds likely to be fetched shortly by UPFC from the sale of the main factory comprising of land, building, plant ... borrower company which presently are under the physical possession of the UPFC, which is having first charge and the ING Vaisya Bank Ltd is having
also availed loan to the tune of Rs.72.17 lacs from
UPFC, NOIDA; that the complainant was also made to sign the loan
documents ... UPFC as guarantor; that by accounting manipulation and
juggleries, the money so borrowed, was transferred by the respondents no. 2
to 4 in the accounts
Bank.
30. In AIR 1993 SC 935 ( Mahesh Chandra vs. Regional Manager,
UPFC and others ), relied upon by Shri Sadavarte, learned counsel
M/S National Steel And Agro Industries ... vs State Of Maharashtra And 3 Others on
Application No. 243 of 2013 (Small Industrial Development Bank of India Vs. UPFC) under Section 19 of The Recvoery of Debts Due to Banks
