Supreme Court · 1991 INSC 50 · Decided 19 February 1991
Maharashtra State Financial Corporation v. Jaycee Drugs and Pharmaceuticals PVT. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1991 INSC 50 · [1991] 1 S.C.R. 480
- Case number
- CIVIL APPEAL No. 782/1991
- Decided
- 19 February 1991
- Bench
- S. RANGANATHAN, N.D. OJHA, S.C. AGRAWAL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Constitution Article 14
Headnote
STATE FINANCIAL CORPORATION v. -14. JAYCEE DRUGS AND PHARMACEUTICALS PVT. LTD. AND ORS. FEBRUARY 19, l991 B [S. RANGANATHAN, S.C. AGRAWALANDN.D. OJHA,JJ.] State Financial Corporation Act, 1951: Sections 31 and 32- .:>. Scope of-Presidency town-Jurisdiction to entertain-Whether a peti- tion of loan can be passed against a party who stood surety personally without any security. Held if the claim is up to Rs.50,000 the application would lie to City Civil Court and if it is more than to the High Court-Amending Act 43 of 1985. By majority y held that after the amendment introduced by
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