1553 of 977, Appeal by Special Leave from the Judgment and order dated 5 4 1977 of the Gujarat High.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
Court in Civil Revision Application No.
847 of 1975.
General and P. H. Parekh for the Appellant.
V. Patel, Badri Das Sharma and M. N. Shroff for Respondent No.
Judge, Broach, all other District Judges accepted the companytention on behalf of the State.
Soli J. Sorabjee, Addl.
On the other hand, the State companytended that application would be governed either by Article I Schedule I or at any rate by Article 7 of Schedule I and the companyrt fee payable would be ad valorem on the amount of value of the subject matter in dispute or on the amount of the monetary gain or loss to be prevented according to the scale prescribed under Article I of Schedule I. It appears that except for the Distt.
The Corporation guaranteed numerous such loans, advanced to the industrial companycerns in the state of Gujarat on certain terms and companyditions agreed between the parties.
The State of Gujarat also preferred a revision application against the decision of the Distt.
The Judgment of the Court was delivered by DESAI, J. This appeal by special leave raises a narrow but interesting question on the nature of proceedings under section 31 and 2 of the State Financial Corporations Act, 1951 Act for short which has a direct impact on the question of companyrt fees tc be paid on an application that may be made under s. 31 of the Act.
The Corporation preferred revision applications to the High Court questioning the companyrectness of the decisions directing levy of ad valorem companyrt fee.
