Supreme Court · 2006 INSC 189 · Decided 30 March 2006
Maharashtra State Financial Corporation v. Ashok K. Agarwal and Ors .
- Court
- Supreme Court of India
- Citation
- 2006 INSC 189 · [2006] 3 S.C.R. 617
- Case number
- CIVIL APPEAL No. 3727/1999
- Decided
- 30 March 2006
- Bench
- ARUN KUMAR, R.V. RAVEENDRAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC Section 2(2); Limitation Act Section 136, 137
Headnote
STA TE FINANCIAL CORPORATION A Y. ASHOK K. AGARWAL AND ORS . MARCH 30, 2006 [ARUN KUMAR AND R.V. RAVEENDRAN,JJ.] B Limitation Act, 1963-Article 136 or 137-Applicability of. to application under Sections 31 and 32 of State Financial Corporations Act. 1951-Held: Article 137 is applicable and under Sections 31 and 32, Courts below rightly held Article 136 inapplicable-State Financial Corporations Act, 1951-ss.31 and 32-Code of Civil Procedure, 1908-Section 2(2). D Appellant-Corporation had sanctioned loan to a Company. Respondents are Directors of this Company who stood S!!reties
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