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Judgment Search Results Home > Cases Phrase: debentures companies act Court: orissa Year: 1993 Page 1 of about 1 results (0.029 seconds)

Feb 23 1993 (HC)

Gopal Chandra Ghose Vs. Orissa State Financial Corporation

Court : Orissa

Decided on : Feb-23-1993

Reported in : AIR1994Ori143

..... court, reported in 1975 (1) cwn 118 : (air 1975 orissa 132) (state financial corporation ltd. v. satpathy brothers & handu company (p) ltd.) under section 31 of the act, three types of reliefs can be prayed for by the state financial corporation.(a) for an order for the sale of the property ..... in making payment of instalments which he had failed. therefore this statutory power contained in section 31 being a special power conferred under this act must prevail over the general principle that in the enforcement of a contract by an agent without adding the principal will not be maintainable ..... and all receipts of the financial corporation shall be carried thereto and all payments by the corporation shall be made therefrom.'section 7 of the act deals with the additional financial capital of financial corporation and its borrowing power. sub-section (3) of which authorises the financial corporation to borrow ..... the loan in accordance with the agreement even after sending him several notices, the respondent approached the district judge under section 31 of the act praying for an order of sale of the properties mortgaged and hypothecated as per unjustment of the sale proceeds towards the dues together with ..... the grant of loan or advance to an industrial concern or subscription to debentures of an industrial concern. thus there was an express provision in the act that one of the statutory functions of the corporation is to act as an agent of the state government in respect of loans of the .....

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