Supreme Court · 1996 INSC 693 · Decided 3 June 1996
Karnataka State Financial Corporation v. Micro Cast Rubber and Allied Products (P) LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 693 · [1996] SUPP. 3 S.C.R. 40
- Case number
- CIVIL APPEAL No. 8989/1996
- Decided
- 3 June 1996
- Bench
- S.C. AGRAWAL, G.T. NANAVATI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Companies Act
Headnote
State Financial Corporations Act, 1951-Section 29-Sale of unit cy State Financial Corporation-Wiit petition before High Court challenging the c sale-Wiit Petition dismissed with direction to the Corporation to comply with cc1tain Directions-In the facts of the case, the Directions held as to be inte1fered with. Constitution of India, 1950-Article 226-Judicial revie1v-Scope ·D of-Sale by State Financial Corporations u/s 29 of State Financial Cmpora- tion Act, 1951-No statuto1y violation or unfair action by the C01pora· tion-lnte1ference of High Cou~Hetd,
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