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Results of recovery of loan

Showing : 81-90 of 175 Results

BOMBAY HIGH COURT

Year of decision: 2009
Details

Civil Procedure Code, 1908, Section 34 -- Future interest - Suit for recovery filed by Bank - Suit decreed - Future interest awarded @ 16% which was agreed rate - Held, Court can take judicial note that when loan incurred, the rate of interest was 16% p.a. but now interest has come down to 8% p.a. - Hence, rate of future interest reduced to 10% p.a...........

PUNJAB AND HARYANA HIGH COURT

Year of decision: 2009
Details

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Section 13 -- Recovery of Debts due to Banks and Financial Institutions Act, 1993, S.21, Banking Regulation Act, 1949, Ss. 21 and 35-A - One time settlement scheme floated by RBI for recovery of NPA's - Guidelines issued for implementation of said scheme, accepted by all..........

PUNJAB AND HARYANA HIGH COURT

Year of decision: 2009
Details

Haryana Co-operative Societies Act, 1984, Section 124 -- Notice - Society engaged in business of stone crusher and not connected with leasing or financing - Loan taken by society and not returned - Cannot be described as 'acts touching the business of the society' though it falls under the terminology 'in the course of business of the society' - Issuance of notice u/s 124..........

SUPREME COURT OF INDIA

Year of decision: 2009
Details

Criminal Procedure Code, 1973, Section 320 -- Bank loan - Defrauding of Bank - Bank officials also involved - Civil suit for recovery of loan as well as initiation of criminal proceedings - Settlement arrived at by and between the creditor and debtor - Offence committed as such does not come to an end...........

SUPREME COURT OF INDIA

Year of decision: 2009
Details

Prevention of Corruption Act, 1988, Section 7, 13(1)(d), 13(2), 20 -- Illegal gratification - Acquittal by trial Court - Conviction by High Court - Recovery proved - Burden of rebuttal shifted upon accused who failed to rebut the same - Plea that it was not bribe but it was repayment of loan - Number of notes matched with the numbers noted in the ACB - Bushirt washed in..........

PUNJAB AND HARYANA HIGH COURT

Year of decision: 2008
Details

Succession Act, 1925, Section 214 -- Appellant took loan from the deceased - Legal heirs of deceased filed suit for recovery of loan money without obtaining succession certificate - Under Section 214 suit for recovery of debt of deceased person through court, the proof of representative title is a pre condition - This succession certificate is required at the time of..........

PUNJAB & HARYANA HIGH COURT

Year of decision: 2008
Details

Civil Procedure Code, 1908, Section 34, 47 -- Crop loan and loan for purchase of equipments - Failure to repay - suit for recovery decreed with future interest @ 13.35 percent per annum - Execution of decree - Petitioner filed objections alleging that loan was agricultural loan and cannot be treated as commercial transaction so as to attract proviso to S.34 of CPC - Thus..........

JHARKHAND HIGH COURT

Year of decision: 2008
Details

Negotiable Instruments Act, 1881, Section 118, Limitation Act, 1963, Article 113 -- Recovery suit based on pronote - One of the defendants stood surety and executed continuing guarantee - No evidence that the loan account or the cash credit account against which a continuing guarantee was given, became dead - Held, limitation will run when the defendant refused to pay the..........

PUNJAB AND HARYANA HIGH COURT

Year of decision: 2008
Details

Punjab Co-operative Societies Act, 1961, Section 82(3) -- Recovery of loan - Sale of mortgage property - Sale cancelled by Recovery Officer - Civil Suit against cancellation of sale - Held, jurisdiction of civil court is barred to entertain such suit - Once Recovery Officer has jurisdiction to cancel the sale, bar of jurisdiction of civil court as laid u/s 82(3) of the Act..........

RAJASTHAN HIGH COURT

Year of decision: 2008
Details

Civil Procedure Code, 1908, Order 21, Rule 54 -- Attachment - For recovery of loan to Bank - Irrigation water supply cannot be stopped on ground that land is attached in recovery of loan due to Bank...........

Showing : 81-90 of 175 Results