https://www.taxtmi.com/caselaws?id=109613 In an application for enforcement of a surety's liability under section 31(1)(aa) of the State Financial Corporations Act, 1951, notice under section 32(1A) must be served on the surety to show cause why liability should not be enforced. Where notice has been served and no counter, explanation, or other cause is shown by the date specified, section 32(4A) requires immediate enforcement. On the facts noted, some respondents appeared but filed no response, and the surety's liability was ordered to be enforced in favour of the petitioner. en-us Thu, 03 Jul 2003 00:00:00 +0530 Wed, 11 Apr 2012 10:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109613 In an application for enforcement of a surety's liability under section 31(1)(aa) of the State Financial Corporations Act, 1951, notice under section 32(1A) must be served on the surety to show cause why liability should not be enforced. Where notice has been served and no counter, explanation, or other cause is shown by the date specified, section 32(4A) requires immediate enforcement. On the facts noted, some respondents appeared but filed no response, and the surety's liability was ordered to be enforced in favour of the petitioner. Case-Laws Companies Law Thu, 03 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109613