Extract
State, By Inspector, Tamil Nadu VS. Sait @ Krishnakumar
REPORTABLE
IN THE SUPREME COURT OF INDIACIVIL APPELLATE JURISDICTIONCIVIL APPEAL NO. 7253 OF 2008[Arising out of SLP (Civil) No. 9411 of 2006]Bihar State Financial Corporation ...Appellant Versus M/s. Chhotanagpur Minerals and Ors. ...Respondents JUDGMENTS.B. SINHA, J : 1. Leave granted.2. Appellant is a Corporation constituted under the State Financial Corporations Act, 1951 (for short "the Act"). Respondent No. 1 intended to set up a factory in the Industrial Area, Kokar in the town of Ranchi. It, on or about 5.11.1976, for the aforementioned purpose, sought for and was granted loan by the appellant for a sum of Rs. 3.36 lakhs. 2 3. An agreement was entered into by and between the parties, in terms whereof, the respondent no. 1 mortgaged the properties described in Schedules `A', `B' and `C' thereof in favour of the appellant - Corporation, viz., the lease hold right over a piece of land admeasuring 0.56 acres at Village Kokar.4. In terms of the said deed of mortgage, the plaintiff was required to liquidate the aforementioned amount ...See the full content of this document