Supreme Court · 2004 INSC 622 · Decided 27 October 2004
Asea Brown Boveri LTD. v. Industrial Finance Corporation of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 622 · [2004] SUPP. 5 S.C.R. 671
- Case number
- CIVIL APPEAL No. 3574/1998
- Decided
- 27 October 2004
- Bench
- R.C. LAHOTI, ASHOK BHAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
LTD. A v. INDUSTRIAL FINANCE CORPORATION OF INDIA AND ORS. OCTOBER 27, 2004 [R.C. LAHOTI, CJ. AND ASH OK BHAN, 1.] B Special Courts (Trial of offences Relating to Transactions in Securities Act, 1992-Sections 3(1), 3(2), JO-Custodian of notified party-Powers of-Properties of notified bound by the obligations incurred Words and Phrases-Lease Finance Agreement-Meaning of- Financial /ease-Explained-Held, such a lease is non-cancel/able. D Appellant entered into a Lease Finance Agreement with Mis Fairgrowth Financial Services Limited ('Fairgrowth'), the respondent No. 3 taking 56
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