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Judgment Search Results Home > Cases Phrase: debentures companies act Court: andhra pradesh Year: 2007 Page 1 of about 4 results (0.043 seconds)

Nov 02 2007 (HC)

Smt. Kamili Sarojini Vs. Indian Bank, Avanigadda Branch

Court : Andhra Pradesh

Decided on : Nov-02-2007

Reported in : AIR2008AP71; 2008(2)ALD581; III(2008)BC299

..... respect of a debt or a security. interpreting section 370 of the indian succession act, which defines security as any pronote, debenture, stock or other security of central or state government, any bond, any stock or debenture or share in a company etc., the court held that articles pledged do not come within any of the categories mentioned above and as such, gold articles ..... certificate act, 1889, or(v) a certificate granted under bombay regulation no. viii of 1827, and, if granted, after the first day of may, 1889, having the debt specified therein.(2) the ..... administration evidencing the grant to him of administration to the estate of the deceased, or(ii) a certificate granted under section 31 or section 32 of the administrator-general's act, 1913, and having the debt mentioned therein, or(iii) a succession certificate granted under part x and having the debt specified therein, or(iv) a certificate granted under the succession ..... bhaskara viswanadha raju : air1993ap337 , the learned judge of this court at paragraphs 3, 4 and 5 observed as under:it is relevant to note section 214 of the indian succession act, which reads thus:(1) no court shall:(a) pass a decree against a debtor of a deceased person for payment of his debt to a person claiming or succession to .....

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Dec 31 2007 (HC)

Sashi Agro Food (P) Ltd. Vs. Andhra Bank, Ssi Branch and anr.

Court : Andhra Pradesh

Decided on : Dec-31-2007

Reported in : 2008(2)ALD536; 2008(4)ALT503; IV(2008)BC298

..... is classified as non-performing asset in the hands of the bank/fi. section 13(9) also deals with pari passu charge of the workers under section 529a of the companies act, 1956, apart from banks and financial institutions, who are secured creditors. section 13(10) inter alia states that where the dues of the secured creditor are not fully satisfied by ..... asset is pending by or against the bank or financial institution, save as provided in the third proviso to sub-section (1) of section 15 of the sick industrial companies (special provisions) act, 1985 (1 of 1986), the same shall not abate, or be discontinued or be, in any way, prejudicially affected by reason of the acquisition of financial asset by the ..... , doubtful or loss asset. section 2(r) defines the word 'originator' to mean the owner of a financial asset which is acquired by a reconstruction company or asset management company for the purposes of the npa act. similarly, an obligor is defined under section 2(q) to mean a person who is liable to the originator. a borrower is an obligor whereas a ..... asset management company of any right or interest created in favour of any bank or fi in any loan or advance granted or created in any debentures or bonds subscribed or guarantee given to the bank or fi or rights created in favour of the bank or fi under letters of credit. this shows that the npa act basically deals with a crystallized .....

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Oct 05 2007 (HC)

In Re: Spectrum Power Generation Ltd.

Court : Andhra Pradesh

Decided on : Oct-05-2007

Reported in : [2008]146CompCas266(AP)

..... majority of the secured creditors approved the scheme in the meeting held for the purpose in accordance with the provisions contained under section 391 of the companies act, perhaps, the petitioner started giving effect to the scheme; that cannot be a bar for sanctioning the scheme if the conditions enjoined under section 391 ..... five years with interest at the rate of 10 per cent, per annum quarterly payable and further agreed to convert rs. 325 crores into cumulative convertible debentures which carry 5 per cent, interest payable half-yearly, which would be converted into equity capital at the end of five years and further agreed ..... as a bulletin payment. in addition, the scheme also envisages the conversion of the debt to the extent of rs. 325 crores into convertible cumulative debentures, which would be converted into equity shares at the option before the end of 5 years, and all the financial institutions have agreed to write off ..... again the bulletin amount also is to be paid only at the end of 5 years while the part of the amount was converted as convertible debentures. it is stated that though a new project and expansion was shown, but there are no details as to how the finances are going to ..... date being june 30, 2007.21. a further sum of rs. 325 crores out of the outstanding amount to be paid by issuance of compulsorily convertible debentures to the secured creditors, as specified in the appendix-a which will carry a coupon rate of 5 per cent, per annum payable half yearly to .....

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Sep 28 2007 (HC)

M.K. Ramesh Kumar Vs. Asset. Reconstruction Company (India) Limited Re ...

Court : Andhra Pradesh

Decided on : Sep-28-2007

Reported in : AIR2008AP45; III(2008)BC258

..... shares to its shareholders. bonus shares have, therefore, been described as a distribution of capitalised undivided profit. section 94 of the companies act refers to the power of a limited company to alter its share capital. under section 94(1)(a) it has power to increase its capital share while under clause ..... : (2000)6scc427 . in that case, the supreme court considered the question whether bonus shares, dividend and interest accrued on the pledged shares and debentures were accretions to the pledged stocks and formed part of the pledged property, which is to be returned by the pledgee only when the pledged goods ..... and held:in our opinion the court rightly came to the conclusion that bonus share is an accretion. a bonus share is issued when the company capitalises its profits by transferring an amount equal to the face value of the share from its reserve to the nominal capital. in other words ..... homeowner's property by accession).14. in motilal v. bai mani (supra), the privy council held that where after shares, in a company, were pledged, the company issued fresh shares and allotted them to the old shareholders taking the call money from the yearly dividend payable on the old shares, ..... bank of india (for short 'the bank') within the meaning of section 70 of the transfer of property act, 1882 (for short, 'the 1882 act') and whether respondent no. 1 - asset reconstruction company (india) ltd. with whom the bank entered into assignment agreement dated 31.3.2005 and transferred all the .....

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