Supreme Court · 2019 INSC 1170 · Decided 21 October 2019
Stressed Assets Stabilization Fund v. West Bengal Small IND. Development Corporation LTD. and ANR.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1170 · [2019] 13 S.C.R. 1083
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 1985/2008
- Decided
- 21 October 2019
- Bench
- ARUN MISHRA, VINEET SARAN, S. RAVINDRA BHAT (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 535
Headnote
Companies Act, 1956 - s. 535 - Sick Industrial Companies (Special Provisions Act) 1985 - s. 20 - Second respondent, a company was allotted Industrial premises by the State on lease - The company secured advances from IDBI leasehold property - Then the company went into liquidation - Pursuant thereto, the High Court appointed a official liquidator - IDBI, through a deed of assignment, unconditionally transferred all loans and advances granted by it, to Stressed Assets Stabilization Fund (SASF),
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