Supreme Court · 1989 INSC 228 · Decided 7 August 1989
Maganlal ETC. v. Jaiswal Industries Neemach & ORS.
- Court
- Supreme Court of India
- Citation
- 1989 INSC 228 · [1989] 3 S.C.R. 696
- Case number
- CIVIL APPEAL No. 2990/1980
- Decided
- 7 August 1989
- Bench
- N.D. OJHA, K.N. SAIKIA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 34
Headnote
Code of Civil Procedure, 1898: Order 34 Rule 5-Whether ap­ plicable to sale of property mortgaged under State Financial Corpora­ tion Act, 1951. • y c State Financial Corporations Act, 1951: Sections 31 and 32-Satf 1 of property mortgaged under the Act-Whether provisions or Order 34 of M.P. State Financial Corporation as security for a loan. The amount of loan not having been D paid, the Corporation initiated proceedings before the District Judge under section 31 of the State Financial Corporations Act, 1951 for attachment and sale of the mortgaged property, which was
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