Supreme Court · 2013 INSC 472 · Decided 16 July 2013
M/S. Integrated Finance CO. LTD. v. Reserve Bank of India ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 2013 INSC 472 · [2013] 13 S.C.R. 938
- Case number
- CIVIL APPEAL No. 5500/2013
- Decided
- 16 July 2013
- Bench
- S.S. NIJJAR, PINAKI CHANDRA GHOSE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 391
Headnote
,,,,,,, ' c Companies Act, 1956 - s.391 - Appellant, a Non- Banking Finance Company (NBFC) - RBI inspected the books of accounts of appellant-company- Inspection report disclosed violations of the provisions of the RBI Act - RBI issued notice to appellant-company - It in running its operations because of drop in its -( profitability - Appellant-company proposed scheme of compromise with its creditors, viz. the depositors and bond holders - Petition seeking approval of the compromise . scheme under the Companies Act - Dismissal of, by High E Court -
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