Supreme Court · 2016 INSC 442 · Decided 29 June 2016
M/S. Madura Coats Limited v. M/S. Modi Rubber LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2016 INSC 442 · [2016] 4 S.C.R. 615
- Case number
- CIVIL APPEAL No. 1475/2006
- Decided
- 29 June 2016
- Bench
- J.S. KHEHAR, MADAN B. LOKUR, C. NAGAPPAN (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
Sick Industrial Co111panies (Special Provisions) Act, J985 - ss. J 5, 16 and 22 - Reference u/s. 15 - Jn respect of the company in the process of winding up under Companies Act - Effect of - Held: Provisions of 1985 Act would prevail over Companies Act - Once reference is registered and an the provisions of s. 22 would co111e into play - Company Court cannot proceed further pending a final decision in the reference under J985 Act - Jn the facts and circumstances of the case, appeal dismissed - Companies Act, 1956. Dismissing the appeal, the Court A B c D HELD: 1. Different
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