Supreme Court · 1993 INSC 56 · Decided 16 February 1993
Industrial Finance Corporation and ORS. v. Official Liquidator, High Court, Calcutta and ANR. ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 1993 INSC 56 · [1993] 1 S.C.R. 1063
- Case number
- CIVIL APPEAL No. 636/1993
- Decided
- 16 February 1993
- Bench
- K. JAYACHANDRA REDDY, B.P. JEEVAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
'y y INDUSTRIAL FINANCE CORPORATION AND ORS. A v. OFFICIAL LIQUIDATOR, HIGH COURT, CALCUTTA AND ANR. ETC. ETC. FEBRUARY 16, 1993 B (K JAYACHANDRA REDDY AND B.P. JEEVAN REDDY, JJ.). Compa11ies Ac~ 1956: Section 457( l)(e)-Sale of assets of a Company in liquidation by Company Cou~Terms of Sale sion of the assets of the company under the orders .or the Court. N.P.M. had borrowed huge amounts from several financial institutions including b Industrial Finance Corporation of India, I.C.J.C.I., W.!1.1.D.C. and I.D.B.I. on security of its assets. In view of the default committed
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