Supreme Court · 1994 INSC 333 · Decided 18 August 1994
Maharashtra State Financial Corporation v. MIS. Suvarna Board Mill and ANR.
- Court
- Supreme Court of India
- Citation
- 1994 INSC 333 · [1994] SUPP. 2 S.C.R. 754
- Case number
- CIVIL APPEAL No. 4196/1994
- Decided
- 18 August 1994
- Bench
- A.M. AHMADI, B.L. HANSARIA (2-judge bench)
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226
Headnote
STATE FINANCIAL CORPORATION , .. MIS. SUVARNA BOARD MILL<; AND ANR. AUGUST 18, 1994 B (A.M. AHMADI AND B.L. HANSARIA, JJ.). State Financial Corporation Act-Section 29-Exercise of power . under-Requirement of natural justice-Non payment of loan-Notice under Section 29 calling upon of prin­ ciples of natural justice-Held, No. Respondent obtained "bridge loan" from the appellant. A sum or Rs. 3 lakhs was disbursed Iayi~g down the repayment schedule. The respon- D dent did not repay as agreed upon. The appellant issued a notice con­ templated by
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