https://www.taxtmi.com/caselaws?id=199271 A public financial corporation's power to take over and sell a defaulting unit without court intervention was upheld as an administrative recovery mechanism, not a quasi-judicial determination of liability. The court read in a requirement of reasonable notice and opportunity to explain, reply, or pay, so that minimal natural justice and fair play are preserved. It also held that the availability of both section 29 and section 31 did not create unguided discretion or hostile discrimination, because the statutory scheme and object of speedy industrial recovery supplied sufficient guidance. The constitutional challenge therefore failed, subject to fair notice and opportunity in individual cases. en-us Wed, 27 Dec 1989 00:00:00 +0530 Sat, 24 Feb 2018 11:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199271 A public financial corporation's power to take over and sell a defaulting unit without court intervention was upheld as an administrative recovery mechanism, not a quasi-judicial determination of liability. The court read in a requirement of reasonable notice and opportunity to explain, reply, or pay, so that minimal natural justice and fair play are preserved. It also held that the availability of both section 29 and section 31 did not create unguided discretion or hostile discrimination, because the statutory scheme and object of speedy industrial recovery supplied sufficient guidance. The constitutional challenge therefore failed, subject to fair notice and opportunity in individual cases. Case-Laws Indian Laws Wed, 27 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199271