Court : Kolkata
Decided on : May-03-1995
Reported in : 85CompCas808(Cal)
..... s case in 1973 relevant extracts whereof have been annexed to the writ petition. the learned advocate for the petitioner-company has submitted from the comparative chart that it is clear that the reserve bank of india had itself said in 1978 while dealing with the schemes in favourite that schemes for shorter ..... or not in consonance with the relevant provisions of the reserve bank of india act being sections 45j, 45k and 45l of the said act.261. as already noted, in the case of a deposit there is a corresponding obligation to repay and as such the said words in the application form at ..... make law for imposition of fee in that behalf. suffice to reiterate the ratio laid in sreenivasa general traders v. state of a. p., : 3scr843 , that the traditional view that there must be actual quid pro quo for a fee has undergone a sea change. the distinction between a ..... submissions. in this regard the association relied on the decision of the supreme court in national textile workers' union v. p. r. ramakrishnan : (1983)illj45sc .122. it has further been submitted that the attempt of the reserve bank of india to regulate the business of peerless through purported regulatory measures ..... . union of india  91 cwn 42. (xi) khudiram das v. state of west bengal : 2scr832 . (xii) cit v. mahindra and mahindra ltd. : 144itr225(sc) . 41. the petitioners have also relied upon the following observations of the supreme court in m. a. rasheed v. state of kerala, : 2scr93 , referred .....Tag this Judgment!