Supreme Court · 1977 INSC 3 · Decided 5 January 1977
Madras Refineries LTD. v. Chief Controlling Revenue Authority, Board of Revenue, Madras
- Court
- Supreme Court of India
- Citation
- 1977 INSC 3 · [1977] 2 S.C.R. 565
- Case number
- CIVIL APPEAL No. 709/1975
- Decided
- 5 January 1977
- Bench
- A.N. RAY, M. HAMEEDULLAH BEG, P.N. SHINGAL (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Stamp Act Section 57
Headnote
Indian Stamp Act, 1899-Loan Agreement and Deed of Trust and Mortgage executed on the same day-Payment of stamp duty on which document to be paid-Tests for deciding. A B . The app7llant company executed a Loan and Note Purchase Agreement with a f?re1gn b~nk. Under that agreement the appellant was and ISsuanoe of secured notes, Series A and B, and the Notes were to be issued under and secured by a Deed · of Trust and Mortgage bet- ween the Company and the Bank. The Deed of Trust and Mortgage stated that as the appellant was in the process of constructing a refinery for the refining
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