1998 (1) TMI 456

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... is under section 446(1) and (2) of the Companies Act, 1956 (hereinafter referred to as "the Companies Act"), for permission to file a suit against the respondent. The petitioner is a nationalised bank and a body corporate constituted under the provision of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970, with its head office at J.C. Road, Bangalore, and its branches all....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rregular and they were at default as on January 24, 1997, for a total sum of Rs. 53,47,087.95. This amount become due and payable by the respondent-company to the petitioner-bank. It is alleged by the petitioner-bank that their dues are within limitation and prima facie they have a tenable claim. Annexures P-1 and P-2 have been filed in support thereof to show that the accounts were running even a....