Supreme Court · 2000 INSC 309 · Decided 9 May 2000
Rishabh Agro Industries LTD. v. P.N.B. Capital Services LTD.
- Court
- Supreme Court of India
- Citation
- 2000 INSC 309 · [2000] SUPP. 1 S.C.R. 38
- Case number
- CIVIL APPEAL No. 4709/1998
- Decided
- 9 May 2000
- Bench
- M.B. SHAH, R.P. SETHI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 441, 481
Headnote
Sick Industrial Companies (Special Provisions) Act, 1985: Sections 15, 16 and 16(3) Expkmation-Enquiry-Commencement of_,. C Deemed date-For purposes of S.22-Held: ls the date of submission of reference under S.15. Section 22-Applicability of--High Court ordered winding up of company on account of filed reference under S.15(1) before BIFR-Thereafter, the company moved an application before Division Bench under S.22 for staying the proceedings-But application rejected-Correctness of-Held: S.22 is applicable even after winding up order is passed if conditions prescribed under it are
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