Supreme Court · 1996 INSC 549 · Decided 18 April 1996
Orissa State Financial Corporation and ANR. v. M/S. Hotel Jogendra
- Court
- Supreme Court of India
- Citation
- 1996 INSC 549 · [1996] SUPP. 1 S.C.R. 571
- Case number
- CIVIL APPEAL No. 7740/1996
- Decided
- 18 April 1996
- Bench
- K. RAMASWAMY, G.B. PATTANAIK (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
STATE FINANCIAL CORPORATION AND ANR. A v. M/S. HOTEL JOGENDRA APRIL 18, 1996 IK. RAMASWAMY AND G.B. PATTANAIK, .l.T.] B State Financial Corporations Act, 1951 : Sections 29, JIJ-Party taking loan for const111ction of a hotel-Dcfa11// in repayment-Rephasement-Pmty not submitting proposal and of abuse--Corut tvould protect only honest and sincere litigants--No indulgence would be shown to recalcitrant defaulter in repaynient of loan--Co17Joration is at libe1ty to take action against the defaulter under S.29 i1Tespective of the orde1~ passed by any Cowt. D CIVIL APPELLATE
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