Supreme Court · 1995 INSC 170 · Decided 7 March 1995
M/S. S.R.F. Limited v. M/S. Garware Plastics and Polyesters LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1995 INSC 170 · [1995] 2 S.C.R. 565
- Case number
- CIVIL APPEAL No. 3277/1995
- Decided
- 7 March 1995
- Bench
- K. RAMASWAMY, N. VENKATACHALA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
B Sick Industrial Companies (Special Provisions) Act, 1985: Ss.3(1)(0),15(1),16,17(1),17(3),18,21 and 28-Sick industrial com­ pany-Revival of-Interested person-Operating agency inviting offers from C parties evincing interest in revival of sick company-Respondent and another company submitting ting proposal for merger of sick company with it-Scheme of respondent rejected-Board of Industrial and Financial Reconstructioh approving scheme of merger-Respondent evincing no interest in the matter any fu.rther, except D . filing appeal against final order of Board-Held, respondent not an
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