Supreme Court · 2008 INSC 973 · Decided 25 August 2008
KSL & Industries LTD. v. Mis Arihant Threads LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 973 · [2008] 12 S.C.R. 702
- Case number
- CIVIL APPEAL No. 5225/2008
- Decided
- 25 August 2008
- Bench
- C.K. THAKKER, ALTAMAS KABIR (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
~·' Recovery of Debts Due to Banks and Financial Institutions Act, 1993; Ss. 19, 20, 30, 34(1) & (2)/Sick Industrial c Companies (Special Provisions) Act, 1985; s. 22: Joint Venture Company - Recovery of Joan from company by Industrial Development Bank of India - Debt Recovery Tribunal in favour of IDBI - Fixation of reserve price of property of the Company - D Challenged by the company by filing appeal No.52 of 2004 - Auction of movable and immovable property - Appellant was declared highest and successful bidder- Company filing an application in the· pending appeal
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