Supreme Court · 1998 INSC 216 · Decided 5 May 1998
Real Value Appliances LTD. ETC. v. Canara Bank and ORS. ETC.
- Court
- Supreme Court of India
- Citation
- 1998 INSC 216 · [1998] 3 S.C.R. 170
- Case number
- CIVIL APPEAL No. 2572/1998
- Decided
- 5 May 1998
- Bench
- S. SAGHIR AHMAD, M. JAGANNADHA RAO (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Sick Industrial Companies (Special Provisiom) Act, 19851 Board of Industrial and Fina11cial Reconstruction Regulations, 1987 : C S.s. 15, 16122 Regulation 19(5)-Jndustrial Company-Petition for winding up pendings in High Court-A Regular suit for recovery of money against the Company, also pending before BIFR and not disclosing this fact to High Court-High Court deprecating conduct of company and making D orders appointing provisiJJnal liquidator and Receiver holding that mere registration of reference u/s 15 did not amount to ''pendency of any inquiry'' under s.16-Held, High Court was
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