TaxTMI 
TaxTMI 
2020 (1) TMI 1421
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....shar, AOR For the Respondent(s) : Mr. Arvind Varma, Sr. Adv., Mr. Sharan Dev Singh Thakur, Adv., Mr. Farrukh Rasheed, AOR, Ms. Saloni Tangri, Adv., Ms. Jasleen Chahal, Adv. JUDGMENT Hemant gupta, J. 1. The State is aggrieved against an order passed by the High Court of Madhya Pradesh on 2nd May, 2016 whereby the proceedings against the respondents, both sons of late Manohar Singh Jadon, for an....
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....h May, 2004. Harshvardhan Singh Jadon (accused-respondent No. 2) is the proprietor of M/s. Harshvardhan & Brothers whereas Yogendra Singh (accused-respondent No. 1) is the proprietor of M/s. Sarohar Trading Company. Ghanshyam Sharma, General Manager, Ramanlal Acharya, Manager, Ram Singh Yadav, General Manager were also arrayed as accused. It was alleged that accused Harshvardhan Singh Jadon submit....
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....ompleting any of the procedural requirements and without mortgage of any of the property. Smt. Saroj Singh mortgaged the land but without any valuation. The surety of Ishwar Singh was taken. The same person mortgaged land as in the case of Harshvardhan. Similar is the assertion in respect of registration of mortgage. It was also alleged that a sum of Rs. 25,65,894/- is the balance as on 31st March....
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....nd regulations in that behalf of confer benefit upon the applicants, but that will give rise to liability against the officers of the bank who failed to discharge their duties in accordance with prescribed norms and regulations. However, that may not be a ground to proceed against a person who has been granted cash credit facility. xx xx xx 14. In the instant case, the uncontroverted allegations....