Supreme Court · 1972 INSC 277 · Decided 10 November 1972

Neptune Assurance CO. LTD. & ORS. v. Un!on of India & ANR.

Court
Supreme Court of India
Citation
1972 INSC 277 · [1973] 2 S.C.R. 940
Case number
WRIT PETITION (CIVIL) No. 425/1971
Decided
10 November 1972
Bench
S.M. SIKRI, A.N. RAY, D.G. PALEKAR, M. HAMEEDULLAH BEG, S.N. DWIVEDI (5-judge bench)
Outcome
Dismissed
Case type
Writ / Constitutional
Acts & sections cited
Constitution Article 14, 31A(b)(d); Companies Act

Headnote

General Insurance (Emergency Provisions) Act 1971 s. l5(a}-'ln&shy; surer' whose business is voluntarily 'lround up or is wound up under order of Court exemHed from operation of Act-Voh<nt,1/'y winding up of business 1vhether includes cessatio11 of busines,j-'/I, :urer' and insurance company, of Act whether violative of Art. 14, Constitution of India. Tho first petitioner was a public limited company incorporated under the Indian Companies Act. The second and Jiird petitionei&middot;s were share&middot; holders and directors of the first petitioner. Up to the end of March, 1971 the

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