https://www.taxtmi.com/caselaws?id=174202 A nationalised bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 was treated as a corporation formed in pursuance of a special Indian law within section 4(e) of the Andhra Pradesh (Andhra Area) Agriculturists Relief Act IV of 1938. The Court held that "special Indian law" means a law enacted by the Indian Legislature, and that a corporation created by or under such a law is covered by section 4(e). As a result, the bank's debt was outside the scaling-down relief under section 13, the Article 14 challenge failed, and the decree could not be reduced on the basis of agriculturists' debt relief. 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 A nationalised bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 was treated as a corporation formed in pursuance of a special Indian law within section 4(e) of the Andhra Pradesh (Andhra Area) Agriculturists Relief Act IV of 1938. The Court held that "special Indian law" means a law enacted by the Indian Legislature, and that a corporation created by or under such a law is covered by section 4(e). As a result, the bank's debt was outside the scaling-down relief under section 13, the Article 14 challenge failed, and the decree could not be reduced on the basis of agriculturists' debt relief. Case-Laws Companies Law Wed, 11 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174202