Supreme Court · 2000 INSC 349 · Decided 24 July 2000
M/S. Patheja BROS. Forging and Stamping and ANR. v. I. C. I. C. I. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2000 INSC 349 · [2000] SUPP. 1 S.C.R. 662
- Case number
- CIVIL APPEAL No. 4111/2000
- Decided
- 24 July 2000
- Bench
- S.P. BHARUCHA, M.B. SHAH, RUMA PAL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Sick Industrial Companies (Special Provisions) Act, 1985: S.22-lndustrial company-Suspension of legal proceedings-Reference C u/s. 15 registered-Suit for recovery of loans pending against the company and guarantors-Stay of proceedings declined by High Court in respect of properties belonging to be proceeded with unless consent as required u/S:22 is obtained D In a suit for recovery of money filed before the High Court by respondent no.I against the appellant-company and its guarantors, including appellant no. 2, an ad interim order was passed by Single Judge. Meanwhile the reference made
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