Supreme Court · 2006 INSC 1006 · Decided 14 December 2006
Morgan Securities and Credit PVT.LTD v. Modi Rubber LTD.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 1006 · [2006] SUPP. 10 S.C.R. 1022
- Case number
- CIVIL APPEAL No. 2572/2006
- Decided
- 14 December 2006
- Bench
- S.B. SINHA, P.K. BALASUBRAMANYAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC; Arbitration Act
Headnote
Company Law: Sick Industrial Companies (Special Provisions) Act, 1985: Section c 22(3). Suspension of legal proceedings, contracts etc.-Arbitration and Conciliation Act and SICA-Interrelation between-Predominance of the former over the latter-Inter Corpora/e Deposit-Default in paymenl of-An D credilor also filed an applicalion before !he High Court for ll'inding up of' !he deb1or-co111pany. irhich was allowed- The High Courl res/ruined the debtor-company from dealing wilh ils assets ll'ilhout 1he permission of the Court-The debtor-company made a reference under S. 15 of SICA to the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)