{"id":91641,"date":"2006-01-12T00:00:00","date_gmt":"2006-01-11T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2"},"modified":"2016-02-11T08:08:18","modified_gmt":"2016-02-11T02:38:18","slug":"suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2","title":{"rendered":"Suryachakra Power Corporation &#8230; vs Lloyds Finance Ltd. on 12 January, 2006"},"content":{"rendered":"<div class=\"docsource_main\">Central Electricity Regulatory Commission<\/div>\n<div class=\"doc_title\">Suryachakra Power Corporation &#8230; vs Lloyds Finance Ltd. on 12 January, 2006<\/div>\n<div class=\"doc_bench\">Bench: K Sinha, B Bhushan, A Jung<\/div>\n<\/p>\n<pre><\/pre>\n<p>ORDER<\/p>\n<p>1. Heard Shri A. Kumar, Advocate for M\/s Lloyds Finance Ltd, the Objector and Shri U. Hazarika, Advocate for the applicant in reply to the objections.\n<\/p>\n<p>2. The fundamental objection filed by M\/s Lloyds Finance Limited against the application for grant of Category `A&#8217; trading licence is that Cocanada Fisheries Ltd. (earlier Suryachakra Sea Foods Ltd.) and Kalyan Marine &amp; Agro Products Ltd, the sister concerns of the applicant had defaulted in making payments for certain equipment hired by them from the Objector, M\/s Lloyds Finance Ltd. In the reply affidavit filed on behalf of the applicant and its sister concerns, it has been clarified that the loans taken from Haritha Finance Limited, G.E. Capital, Nagarjuna Finance Limited and Soundar Raja Finance Limited, the non-banking financial companies were cleared during April to July 2000. They have reportedly settled accounts of nationalised banks in March 2005, the names of such banks have not been disclosed. It has been stated that some time in 1998 M\/s Lloyds Finance Ltd. were approached with an offer to settle the loans but because of the dispute regarding accounting, no settlement could be arrived at.\n<\/p>\n<p>3. We direct that the applicant shall place on record certificates from the abovenamed non-banking finance companies and the concerned nationalised banks in support of settlement of their loans. The applicant is further directed to place on record the audited balance sheets\/annual accounts in respect of its above named two sister companies for the years 2000-01, 2001-02, 2002-03, 2003-04 and 2004-05.\n<\/p>\n<p>4. Learned Counsel for the applicant undertook to furnish the above information within two weeks with a request that the information may be treated as `confidential&#8217;. Let a formal request to that effect be made by the applicant on affidavit indicating prejudice likely to be caused to it in case the information is disclosed to the Objector or any other person in accordance with the Commission&#8217;s regulations. A view on the issue will be taken on consideration of the formal request, if made on behalf of the applicant. Till then, the copy of the information asked for vide by para 3 above need not be furnished to the Objector.\n<\/p>\n<p>5. Further view in the matter will be taken after consideration of the information to be submitted by the applicant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Electricity Regulatory Commission Suryachakra Power Corporation &#8230; vs Lloyds Finance Ltd. on 12 January, 2006 Bench: K Sinha, B Bhushan, A Jung ORDER 1. Heard Shri A. Kumar, Advocate for M\/s Lloyds Finance Ltd, the Objector and Shri U. Hazarika, Advocate for the applicant in reply to the objections. 2. The fundamental objection filed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-91641","post","type-post","status-publish","format-standard","hentry","category-judgements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Suryachakra Power Corporation ... vs Lloyds Finance Ltd. on 12 January, 2006 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suryachakra Power Corporation ... vs Lloyds Finance Ltd. on 12 January, 2006 - Free Judgements of Supreme Court &amp; High Court | Legal India\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2\" \/>\n<meta property=\"og:site_name\" content=\"Free Judgements of Supreme Court &amp; High Court | Legal India\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2006-01-11T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-02-11T02:38:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@legaliadmin\" \/>\n<meta name=\"twitter:site\" content=\"@Legal_india\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"Suryachakra Power Corporation &#8230; vs Lloyds Finance Ltd. on 12 January, 2006\",\"datePublished\":\"2006-01-11T18:30:00+00:00\",\"dateModified\":\"2016-02-11T02:38:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2\"},\"wordCount\":407,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"articleSection\":[\"Judgements\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2\",\"name\":\"Suryachakra Power Corporation ... vs Lloyds Finance Ltd. on 12 January, 2006 - Free Judgements of Supreme Court &amp; High Court | Legal India\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\"},\"datePublished\":\"2006-01-11T18:30:00+00:00\",\"dateModified\":\"2016-02-11T02:38:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suryachakra Power Corporation &#8230; vs Lloyds Finance Ltd. on 12 January, 2006\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"name\":\"Free Judgements of Supreme Court & High Court | Legal India\",\"description\":\"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"alternateName\":\"Free judgements of Supreme Court & High Court of India | Legal India\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\",\"name\":\"Judgements of Supreme Court & High Court | Legal India\",\"alternateName\":\"Legal India\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"width\":512,\"height\":512,\"caption\":\"Judgements of Supreme Court & High Court | Legal India\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Suryachakra Power Corporation ... vs Lloyds Finance Ltd. on 12 January, 2006 - Free Judgements of Supreme Court &amp; High Court | Legal India","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2","og_locale":"en_US","og_type":"article","og_title":"Suryachakra Power Corporation ... vs Lloyds Finance Ltd. on 12 January, 2006 - Free Judgements of Supreme Court &amp; High Court | Legal India","og_url":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2","og_site_name":"Free Judgements of Supreme Court &amp; High Court | Legal India","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2006-01-11T18:30:00+00:00","article_modified_time":"2016-02-11T02:38:18+00:00","og_image":[{"width":512,"height":512,"url":"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_card":"summary_large_image","twitter_creator":"@legaliadmin","twitter_site":"@Legal_india","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"Suryachakra Power Corporation &#8230; vs Lloyds Finance Ltd. on 12 January, 2006","datePublished":"2006-01-11T18:30:00+00:00","dateModified":"2016-02-11T02:38:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2"},"wordCount":407,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"articleSection":["Judgements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2","url":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2","name":"Suryachakra Power Corporation ... vs Lloyds Finance Ltd. on 12 January, 2006 - Free Judgements of Supreme Court &amp; High Court | Legal India","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/#website"},"datePublished":"2006-01-11T18:30:00+00:00","dateModified":"2016-02-11T02:38:18+00:00","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/judgments\/suryachakra-power-corporation-vs-lloyds-finance-ltd-on-12-january-2006-2#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/judgments\/"},{"@type":"ListItem","position":2,"name":"Suryachakra Power Corporation &#8230; vs Lloyds Finance Ltd. on 12 January, 2006"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/judgments\/#website","url":"https:\/\/www.legalindia.com\/judgments\/","name":"Free Judgements of Supreme Court & High Court | Legal India","description":"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.","publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"alternateName":"Free judgements of Supreme Court & High Court of India | Legal India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/judgments\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/judgments\/#organization","name":"Judgements of Supreme Court & High Court | Legal India","alternateName":"Legal India","url":"https:\/\/www.legalindia.com\/judgments\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/","url":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","contentUrl":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","width":512,"height":512,"caption":"Judgements of Supreme Court & High Court | Legal India"},"image":{"@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/judgments\/author\/legal-india-admin"}]}},"modified_by":null,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/91641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/comments?post=91641"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/91641\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/media?parent=91641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/categories?post=91641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/tags?post=91641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}