Supreme Court · 2008 INSC 809 · Decided 11 July 2008
Shivanand Gaurishankar Baswanti v. Laxmi Vishnu Textile Mills & ORS.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 809 · [2008] 10 S.C.R. 782
- Case number
- CIVIL APPEAL No. 4324/2008
- Decided
- 11 July 2008
- Bench
- C.K. THAKKER, D.K. JAIN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226, 136
Headnote
Constitution .of India, 1950: ··Articles 136 and 226 - Company declared sick under C the sick lndius Oriat Companies (Special Provisions) Act, 1.985 ·(SICA) - Bi FR opining for winding up of the Company - Offer for pwchase of property of ·the Company - In joint meetings proposed purchaser, secured and unsecured creditors and the Representative Union of work- D men, agreement by the creditors -an.d workers to accept lesser amount of the dues as one time settlement- PIL by one of the workers . challenging the. agreement, disposed of with direc­ tion to
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