Supreme Court · 2023 INSC 439 · Decided 27 April 2023

Rajiv Kumar Jindal and Others v. Bci Staff Colony Residential Welfare Association and Others

Court
Supreme Court of India
Citation
2023 INSC 439 · [2023] 4 S.C.R. 79
Case number
CIVIL APPEAL No. 10127/2011
Decided
27 April 2023
Bench
AJAY RASTOGI, BELA M. TRIVEDI (2-judge bench)
Outcome
Dismissed
Case type
Civil

Headnote

Sick Industrial Companies (Special Provisions) Act, 1985 : ss. 20(4), 21(c) - Winding up of sick industrial company - Operating agency to prepare complete inventory - On facts, Operating Agency- IDBI initiated process to sell the sick industrial company-BCI in terms of the order passed by the BIFR - Submission of solitary bid by the appellant - Operating authority accepted the same - However, the appellant did not adhere to the terms and conditions of Asset Sale Committee (ASC) - In view thereof,

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