Supreme Court of India
Maganlal Etc. v. Jaiswal Industries Neemach & Ors.
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1 Supreme Court bench has cited this judgment.
From the headnote
Code of Civil Procedure, 1898: Order 34 Rule 5-Whether ap plicable to sale of property mortgaged under State Financial Corpora tion Act, 1951. • y c State Financial Corporations Act, 1951: Sections 31 and 32-Satf 1 of property mortgaged under the Act-Whether provisions or Order 34 Rule 5 CPC are attracted. ,~ - Maganlal executed a mortgage in favour of M.P. State Financial Corporation as security for a loan. The amount of loan not having been paid, the Corporation initiated proceedings before the District Judge under section 31 of the State Financial Corporations Act, 1951 for attachment
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