Supreme Court · 2014 INSC 775 · Decided 13 November 2014
Ghanshyam Sarda v. M/S. Shiv Shankar Trading CO. & ORS.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 775 · [2014] 14 S.C.R. 556
- Case number
- CIVIL APPEAL No. 10221/2014
- Decided
- 13 November 2014
- Bench
- ANIL R. DAVE, UDAY UMESH LALIT (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Sick Industrial Companies (Special Provisions) Act, 1985-'ss. 22(1), 26, 32'- Scope and ambit of- Company C registered as_ a sick company - Net worth having become positive, jurisdiction of the Board for Industrial and Financial Reconstruction (BIFR) over the company - Held: The Act gives to the BIFR over the affairs of a sick Industrial Company from the stage of ~ . • , I 0 registration of reference and questions concerning status of sickness of such company are in the exclusive domain of the BIFR - Aspects of revival of such company b'eing completely within its exclusive
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