https://www.taxtmi.com/caselaws?id=199824 The State Financial Corporations Act, 1951 is analysed as a measure for industrial development, finance, guarantee, underwriting, recovery, and management support, so it is treated as falling within the field of incorporation, regulation and winding up of financial corporations rather than as a mere money-lending law. The special enforcement procedure under Sections 31 and 32 is described as constitutionally fair because it provides notice, written statement, CPC assistance as far as practicable, and appeal safeguards, reducing any Article 14 concern. Where execution of a mortgage deed is admitted, proof by an attesting witness under Section 68 is not required. Late-stage instalments or management relief may be declined where repayment time is nearly over. en-us Thu, 28 Feb 1985 00:00:00 +0530 Tue, 13 Mar 2018 18:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199824 The State Financial Corporations Act, 1951 is analysed as a measure for industrial development, finance, guarantee, underwriting, recovery, and management support, so it is treated as falling within the field of incorporation, regulation and winding up of financial corporations rather than as a mere money-lending law. The special enforcement procedure under Sections 31 and 32 is described as constitutionally fair because it provides notice, written statement, CPC assistance as far as practicable, and appeal safeguards, reducing any Article 14 concern. Where execution of a mortgage deed is admitted, proof by an attesting witness under Section 68 is not required. Late-stage instalments or management relief may be declined where repayment time is nearly over. Case-Laws Indian Laws Thu, 28 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199824