https://www.taxtmi.com/caselaws?id=109503 Deemed financial corporation status under a notification applying specified provisions of the State Financial Corporations Act does not by itself confer public financial institution status under the debt recovery regime. Civil court jurisdiction therefore remains available unless the entity is expressly covered by the statutory framework for public financial institutions. Compound-interest objections did not require a separate issue where the claimed amount was calculated on simple interest with compound interest waived; the matter was for evidence. The application to frame additional issues was dismissed. en-us Tue, 25 Nov 2003 00:00:00 +0530 Tue, 10 Apr 2012 15:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109503 Deemed financial corporation status under a notification applying specified provisions of the State Financial Corporations Act does not by itself confer public financial institution status under the debt recovery regime. Civil court jurisdiction therefore remains available unless the entity is expressly covered by the statutory framework for public financial institutions. Compound-interest objections did not require a separate issue where the claimed amount was calculated on simple interest with compound interest waived; the matter was for evidence. The application to frame additional issues was dismissed. Case-Laws Companies Law Tue, 25 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109503