The Finance Minister in a meeting with the Chief Executives of the public sector banks on 13 June 2000 had highlighted the role of commercial banks in facilitating pursuit of higher education by poor, but meritorious students. In pursuance...
Bank Loan
The Government has launched a Bad Bank with all the regulatory approvals in place. This was stated by Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in the Lok Sabha today.
ऋणादान न० ऋणमादीयते यत्र । स्मृत्युक्ते अष्टादशविवा- दान्तर्गते व्यवहारभेदे “तेषामाद्यमृणादानमित्यादीनि अष्टादश व्यवहारपदानि मनुना दर्शितानि । तल्लक्ष- णादि नारदादिवाक्येन मिता० दर्शितं यथा “अधुनाष्टादशानां व्यवहारपदानामाद्यमृणादानपदं दर्शयति । “अशीतिभागो वृद्धिः स्यादित्यादिना मोच्य आधिस्तदुत्पन्ने प्रविष्टे द्विगुणे धने” इत्येवमन्तेन । तच्चार्णा- दानं सप्तबिधम् ।...
DELHI HIGH COURT SINGLE BENCH ( Before : Dr. S. Muralidhar, J ) SOMNATH MANOCHA — Appellant Vs. PUNJAB AND SIND BANK AND OTHERS — Respondent Writ Petition (C) 7228 of 2005 Decided on : 17-10-2011 Constitution of India,...
The SARFAESI Act was intended to provide an additional remedy to a financial institution to recover its debts. The Statement of Objects and Reasons of the SARFAESI Act acknowledged that the existing legal framework relating to commercial transactions has...
KEYWORDS:-DRT PROCEEDING-guarantor of loan- sale certificate- DATE:-March 06, 2018 “The appellant, is however, entitled to a refund of his deposit of Rs 7,00,000 with interest at 9% per annum from the date of deposit till payment. The bank has...
Keywords:- DRT-SARFAESI Act Explained Court must have good and sufficient reason to bypass the alternative remedy provided by statute AIR 2010 SC 3413 : (2010) 7 SCALE 696 : (2010) 8 SCC 110 : (2010) 9 SCR 1 :...
It is true that the rule of exhaustion of alternative remedy is a rule of discretion and not one of compulsion, but it is difficult to fathom any reason why the High Court should entertain a petition filed under...
Keywords: Bank Credit-on demand-Bank Loan-period of limitation This Court itself had indicated that ‘live account’ means an account that is not settled. The use of the term ‘settled’ gives an indication that a ‘live account’ refers to an account...
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