Supreme Court of India
Pawan Kumar Jain v. The Pradeshiya Industrial and Investment Corporation of U.P. Ltd. and Ors.
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From the 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, 1993: Sections 2(b) and 3 : Recovery of loan by State Industrial & Investment Corporation Issuance of Recovery Notice against guarantor-Challenge to-Writ Petition and Review Petition dismissed by High Court-On appeal, Held: Since Recovery Notice issued by the Corporation under the U.P. Act prior to issuing of a notification by Central Government enabling State Financial Institutions recovery of debt as per Debts Recovery Act-Action initiated by the…
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