Supreme Court · 2022 INSC 1281 · Decided 15 December 2022
Wave Industries PVT. LTD. v. State of U.P. & ORS.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1281 · [2022] 16 S.C.R. 1130
- Case number
- CIVIL APPEAL No. 9272/2022
- Decided
- 15 December 2022
- Bench
- K.M. JOSEPH, HRISHIKESH ROY (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Liability - Slump Sale Agreement dated 17.07.2010, followed by a sale deed, was entered into between U.P State Sugar Corporation Limited-Seller (UPSSCL) and Appellant-Purchaser for UPSSCL's loss making Amroha sugar mill - Dispute arose w.r.t outstanding liability of and interest, if to be discharged by the seller or the purchaser - Subsisting dues arising out of transactions occurring on dates prior to the sale, if contingent or conditional liability or an accrued liability which may be computed or discharged at a subsequent date - Held: There
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