Supreme Court · 2004 INSC 436 · Decided 11 August 2004
Pawan Kumar Jain v. The Pradeshiya Industrial and Investment Corporation of U.P. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 436 · [2004] SUPP. 3 S.C.R. 447
- Case number
- CIVIL APPEAL No. 3636/1998
- Decided
- 11 August 2004
- Bench
- S.N. VARIAVA, ARIJIT PASAYAT (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Uttar ,n.-adesh Public Moneys (Recovery of Dues) Act, 1972; Sections 3 and 4/Recovery of Debts Due to Bankers and Financial institutions Act, A B 1993: Sections 2(b) and 3 : C Recovery of loan by State Industrial & Investment Corporation­ Issuance of Recovery Notice against dismissed by High Court-On appeal, Held: Since Recovery Notice issued by the Corporation under the U.P. Act prior to D issuing of a notification by Central Government enabling State Financial Institutions recovery of debt as per Debts Recovery Act-Action initiated by the Corporation for recovery
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