Supreme Court · 2018 INSC 937 · Decided 8 October 2018
Suzuki Parasrampuria Suitings PVT. LTD. v. The Official Liquidator of Mahendra Petrochemicals LTD. (In Liquidation) and Others
- Court
- Supreme Court of India
- Citation
- 2018 INSC 937 · [2018] 12 S.C.R. 906
- Case number
- CIVIL APPEAL No. 10322/2018
- Decided
- 8 October 2018
- Bench
- RANJAN GOGOI, NAVIN SINHA, K.M. JOSEPH (3-judge bench)
- Outcome
- Leave Granted & Dismissed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 130; SARFAESI Act
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 - Company Petition filed for winding up of one M/s. MPL - M/s. MPL for rehabilitation to the Board for Industrial and Financial Reconstruction (BIFR) - During pendency of the same, without permission or knowledge of the BIFR, M/s. MPL entered into an MOU with the sister concern of the appellant for leasing out its properties to the appellant for 20 years
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