Supreme Court · 2004 INSC 380 · Decided 7 May 2004
Gajraj Jain v. State of Bihar and ORS.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 380 · [2004] SUPP. 2 S.C.R. 677
- Case number
- CIVIL APPEAL No. 3063/2004
- Decided
- 7 May 2004
- Bench
- RUMA PAL, S.H. KAPADIA (2-judge bench)
- Outcome
- Leave Granted & Allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Transfer of Property Act Section 69, 100
Headnote
State Financial Corporation Act, 1951; Section 29 : Recovery of loan/advance taken by a company from State Financial Corporation and a Bank-Default in repayment-Petition for recovery of C dues filed by the Bank-Issuance of notice by the Corporation for sale of assets by auction to realize its the amount-However, it entered into an agreement of sale of the assets with a financier on payment of its dues and on making D promise to pay dues of the Bank-Challenge to-Dismissed by the High Court-On appeal, Held: Corporation had entered into an agreement for sale without
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)