https://www.taxtmi.com/caselaws?id=109503 A deemed financial corporation under a statutory notification does not automatically become a public financial institution for the purpose of excluding civil court jurisdiction under the debt recovery regime unless it is expressly covered by the relevant statutory notification framework. The article also notes that no separate issue was required on compound interest where the statement of accounts was filed and the claim, on the plaintiff's own showing, was calculated on a simple interest basis with compound interest waived. The framing of additional issues was therefore treated as unnecessary on the material discussed. 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 A deemed financial corporation under a statutory notification does not automatically become a public financial institution for the purpose of excluding civil court jurisdiction under the debt recovery regime unless it is expressly covered by the relevant statutory notification framework. The article also notes that no separate issue was required on compound interest where the statement of accounts was filed and the claim, on the plaintiff's own showing, was calculated on a simple interest basis with compound interest waived. The framing of additional issues was therefore treated as unnecessary on the material discussed. Case-Laws Companies Law Tue, 25 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109503