Supreme Court · 1979 INSC 231 · Decided 7 November 1979
Bank of Travancore v. Goodland Plantations (P) LTD. N Ovembe~ 7, 1979
- Court
- Supreme Court of India
- Citation
- 1979 INSC 231 · [1980] 1 S.C.R. 1157
- Case number
- CIVIL APPEAL No. 2531/1969
- Decided
- 7 November 1979
- Bench
- N.L. UNTWALIA, P.N. SHINGAL, A.D. KOSHAL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
BANK OF TRAVANCORE v. GOODLAND PLANTATIONS (P) LTD. N ovembe~ 7, 1979 [N. L. UNTWALIA, P. N. SHINGHAL AND A. D. KOSHAL, JJ.J Banking Regulation Act, 1949 Sectio11 45(10)-Scope of. The respondent Company, a subscriber, bed to pay money in monthly instalments to a Chitty run by the Orient Bank. C that date the Central Government imposed a Moratorium, originally for the period ending with the March 18, 1961 which later on was e>tended upto June 16, 1961 on the Orient Bank with the result that the Orient lla11k had to suspend all its business activity. This resulted in the conduct of
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