Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997

3 judgments · newest first · showing 1–3

STATE REPRESENTED BY THE PRJNCIPAL SECRETARY TO GOVERNMENT, HOME (POLICE XIX) DEPARTMENT AND OTHERSversusK. S. PALANICHAMY AND ORS.

2017 INSC 12919 May 2017Appeal(s) allowed

The State, on receipt of complaints from depositors that Global Capital Trading Services had defaulted on returns and allegedly defrauded investors, issued a Government Order on 24‑12‑2012 attaching the immovable properties of the partners under Section 3 of the Tamil Nadu Protection of Interests of …

M/S NEW HORIZON SUGAR MILLS LTD.versusGOVT. OF PONDICHERRY TH. ADDL. SEC. & ANR.

2012 INSC 43027 September 2012Dismissed

New Horizon Sugar Mills Ltd and its directors, who had guaranteed a bank loan, defaulted and faced attachment of their properties under the Pondicherry Protection of Interest of Depositors in Financial Establishments Act, 2004. They challenged the validity of that Act and a government order …

K.K. BASKARANversusSTATE REP. BY ITS SECRETARY, TAMIL NADU & ORS.

2011 INSC 1834 March 2011Dismissed

The petitioners challenged the constitutional validity of the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 (as amended in 2003), arguing that it encroached upon Union legislative competence (entries 43‑45 of List I) and violated Articles 14, 19(1)(g) and …