https://www.taxtmi.com/caselaws?id=218190 The Supreme Court upheld the constitutional validity of the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. The court dismissed the appeal, affirming that the Act was within the State Legislature's competence, did not conflict with Central laws, and did not violate constitutional rights. The judgment emphasized the Act's importance in safeguarding depositors from fraudulent financial schemes and facilitating the prompt recovery of their dues. en-us Fri, 04 Mar 2011 00:00:00 +0530 Mon, 07 Oct 2013 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218190 The Supreme Court upheld the constitutional validity of the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. The court dismissed the appeal, affirming that the Act was within the State Legislature's competence, did not conflict with Central laws, and did not violate constitutional rights. The judgment emphasized the Act's importance in safeguarding depositors from fraudulent financial schemes and facilitating the prompt recovery of their dues. Case-Laws Companies Law Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218190