https://www.taxtmi.com/caselaws?id=174202 Section 4(e) of the Andhra Pradesh (Andhra Area) Agriculturists Relief Act covers a corporation created by or under a special Indian law. "Special Indian law" means legislation enacted by the Indian Legislature and is not confined to legislation of the British Parliament; "formed in pursuance of" also includes a corporation directly created under such law. A nationalised bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 therefore falls within section 4(e). Debts due to the bank are exempt from scaling down under section 13. Pre-nationalisation advances were not treated separately without proper pleading and proof, and the Article 14 challenge failed. en-us Wed, 11 Nov 1987 00:00:00 +0530 Sat, 03 Oct 2015 12:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174202 Section 4(e) of the Andhra Pradesh (Andhra Area) Agriculturists Relief Act covers a corporation created by or under a special Indian law. "Special Indian law" means legislation enacted by the Indian Legislature and is not confined to legislation of the British Parliament; "formed in pursuance of" also includes a corporation directly created under such law. A nationalised bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 therefore falls within section 4(e). Debts due to the bank are exempt from scaling down under section 13. Pre-nationalisation advances were not treated separately without proper pleading and proof, and the Article 14 challenge failed. Case-Laws Companies Law Wed, 11 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174202