Supreme Court · 1993 INSC 75 · Decided 2 March 1993
U.P. Financial Corporation v. Gem Cap (India) PVT. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1993 INSC 75 · [1993] 2 S.C.R. 149
- Case number
- CIVIL APPEAL No. 830/1993
- Decided
- 2 March 1993
- Bench
- KULDIP SINGH, B.P. JEEVAN REDDY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226
Headnote
U.P. FINANCIAL CORPORATION A v. GEM CAP (INDIA) PVT. LTD. AND ORS. MARCH 2, 1993 (KULDIP SINGH AND B.P. JEEVAN REDDY, JJ.) B State Financial Corporations Act, 1951: Section 29. Company-Loan by Corporatiolt-Default in payment of loan by Debtor-Company-Proceedings by Corporation for recovery of cannot be carried to the extent of disabling it from recovering what is due to Corporation. Constitution of India, 1950: Article 226. High Court-Jurisdiction-Limitation on exercise of-Review of action of adiminstrative authorities-High Coun cannot act as an appellate autho­ rity.
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