Supreme Court · 1974 INSC 63 · Decided 20 March 1974

Kayjay Industries (P) LTD. v. Asnew Drums (P) LTD. & ORS.

Court
Supreme Court of India
Citation
1974 INSC 63 · [1974] 3 S.C.R. 678
Case number
CIVIL APPEAL No. 2150/1972
Decided
20 March 1974
Bench
D.G. PALEKAR, P.N. BHAGWATI, V.R. KRISHNA IYER (3-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
CPC

Headnote

(P) LTD. l'. ASNEW DRUMS (P) LTD. & ORS. March 20, 1974 [D. G, PALEKAR, P. N. BHAGWATI AND V; R. KRISHNA IYER, JJ,] Code o/Civil Procedure (Act 5 of 1908), 0.21, r.90 and State Financial Corpo&middot; ration Act, 1951, Sec. 31-Material irregularity in comluct of $a/e and s~bstfllltlaf to repay, the Corporation applied to the District Court under the State Financial <Corporation Act, 1951, for recovering the amount by attachment and sale of the mortgaged properties. The sale proclamation was settled after notice to the parties, and after several adjournments, caused by the

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