Supreme Court · 1995 INSC 326 · Decided 2 May 1995

U.P. State Sugar CORPN. LTD v. U.P. State Sugar CORPN. Karamchari ASSO. and Ors

Court
Supreme Court of India
Citation
1995 INSC 326 · [1995] 3 S.C.R. 1004
Case number
CIVIL APPEAL No. 817/1995
Decided
2 May 1995
Bench
S.C. AGRAWAL, SUJATA V. MANOHAR (2-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil

Headnote

SUGAR CORPN. LTD. v. U.P. STATE SUGAR CORPN. KARAMCHARI ASSO. AND ORS. ,._. MAY 2, 1995 B (S.C. AGRAWAL AND SUJATA V. MANOHAR, JJ.) Sick Industrial Companies (Special Provisions) Act, 1985-Sections 15, 22A and 23-Disposal of assets-Right of a Sick Industrial Company and a potentially sick against executive-Need for restraint. D The appellant is a company was incorporated with the object of taking over and run certain private sugar mills which had been acquired by the State of U.P. Sugar undertakiugs (Acquisition) Act, 1971. Certain units thus acquired had been suffering from

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