Created byFuzzy Cloud

Legislation

Sick Industrial Companies (Special Provisions) Act, 1985

86 Supreme Court judgments cite this Act.

M/S. NGEF LTD.versusM/S. CHANDRA DEVELOPERS PVT. LTD. AND ANR.

2005 INSC 45929 September 2005Appeal(s) allowed

NGEF Ltd., a joint‑venture sick industrial company, was referred to the Board for Industrial and Financial Reconstruction (BIFR) under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). BIFR recommended winding up and observed that any sale of the company's assets should be sought from the High Court.

M/S. MADURA COATS LIMITEDversusM/S. MODI RUBBER LTD. & ANR.

2016 INSC 44229 June 2016Dismissed

Madura Coats Ltd sought to enforce a winding‑up order against Modi Rubber Ltd. The Company Court ordered winding up, but Modi Rubber filed a reference to the Board of Industrial and Financial Reconstruction (BIFR) under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The High Court stayed the windi

M/S MADRAS PETROCHEM LTD. & ANRversusBIFR& ORS.

2016 INSC 10729 January 2016Dismissed

Madras Petrochem Ltd. and another filed appeals challenging a Delhi High Court order that stayed the winding‑up of the company before the BIFR. The core dispute was whether the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) overrides the Sick Industri

M/S BALLARPUR INDUSTRIES LTD.versusSTATE OF ORISSA AND ORS.

2000 INSC 54628 November 2000Disposed off

The respondent, a Chief Welfare Officer, was terminated on 15‑12‑1981, appealed and was reinstated by the State Government, but was not paid his arrears because the corporation was declared sick under the Sick Industrial Companies (Special Provisions) Act, 1985. The BIFR sanctioned a scheme on 21‑12‑1990 under which th

THE REGIONAL PROVIDENT FUND COMMISSIONERversusS.D. COLLEGE, HOSHIARPUR AND ORS.

1996 INSC 123928 October 1996Appeal(s) allowed

The Supreme Court considered an appeal by the Regional Provident Fund Commissioner against S.D. College, Hoshiarpur and other educational institutions for failing to deposit statutory EPF contributions after a 1988 Supreme Court order directing compliance. Despite the order, the respondents continued to keep the contri

M/S. S.F. ENGINEERversusMETAL BOX INDIA LTD. AND ANR.

2014 INSC 22328 March 2014Dismissed

The landlord (Mis. S.F. Engineer) sought eviction of its tenant Metal Box India Ltd. and the tenant's former employee under Section 13(1)(e) of the Bombay Rent Act, alleging unlawful sub‑letting. The trial and appellate courts held that the tenant had not part‑ed with legal possession nor received any monetary consider

KSL & INDUSTRIES LTD.versusM/SARIHANTTHREADS LTD. & ORS.

2014 INSC 73827 October 2014Appeal(s) allowed

KSL & Industries Ltd. appealed against a Delhi High Court order that set aside a Debt Recovery Tribunal decision allowing the appellant to recover Rs. 25.26 crore from M/s. Arihant Threads Ltd. The dispute centered on whether the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) – specifically Section 22,

HALWASIA VIDYA VIHAR(SR. SEC. SCHOOL), HARYANAversusTHE REGIONAL PROVIDENT FUND COMMISSIONER

2006 INSC 18027 March 2006Case Partly allowed

Halwasiya Vidya Vihar, a senior secondary school, was originally contributing to a state‑run contributory provident fund scheme. After affiliating to the CBSE, it was directed by the Regional Provident Fund Commissioner to adopt the Employees Provident Funds and Miscellaneous Provisions Act, 1952 scheme retrospectively

P.C. AGGARWALAversusPAYMENT OF WAGES INSPECTOR, M.P. AND ORS.

2005 INSC 44526 September 2005Appeal(s) allowed

The Supreme Court examined whether directors of Jiyajirao Cotton Mills Ltd., a company that owned factories, could be held personally liable for unpaid wages under the Payment of Wages Act, 1936 as amended by the Madhya Pradesh Industrial Relations Act, 1960. The Court held that the Act does not incorporate the "occupi

FERTILIZER CORPORATION OF INDIA LIMITED & ORS.versusM/S COROMANDAL SACKS PRIVATE LIMITED

2024 INSC 34826 April 2024Disposed off

M/s Coromandal Sacks supplied HDPE bags to Fertilizer Corporation of India Ltd (FCIL) and sued for recovery of unpaid amounts, alleging price differences, liquidated damages, penalties and loss of unsold bags. FCIL contended it was a sick industrial company under the Sick Industrial Companies (Special Provisions) Act,

STATE OF U.P. AND. ANR.versusUPTRON EMPLOYEES UNION CMD-I AND ORS.

2006 INSC 25726 April 2006Appeal(s) allowed

The Supreme Court examined whether the Board of Industrial and Financial Reconstruction (BIFR) could, under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), direct the State of Uttar Pradesh to pay the wages of workmen employed by M/s. UPTRON, a sick company that is a subsidiary of a wholly‑state‑ow

KSL & INDUSTRIES LTD.versusMIS ARIHANT THREADS LTD. & ORS.

2008 INSC 97325 August 2008Disposed off

The Industrial Development Bank of India obtained a recovery order against M/s Arihant Threads Ltd. under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDB Act), leading to an auction of the company's assets which was won by KSL & Industries Ltd. The company later invoked Section 22 of the S

WORKERS OF ROHTAS INDUSTRIES LTD.versusROHTAS INDUSTRIES LTD.

1989 INSC 31924 October 1989Directions issued

The workmen of Rohtas Industries Ltd., whose four industrial units were closed on 9 September 1984, filed a writ petition under Article 32 seeking payment of arrears, compensation and other statutory dues. The Patna High Court had appointed a provisional liquidator, but the Supreme Court, invoking the Sick Industrial C

OFFICERS AND SUPERVISORS OF I.D.P.L.versusCHAIRMAN AND M.D.I.D.P.L. AND ORS.

2003 INSC 33024 July 2003Dismissed

The petitioners, officers and supervisors of Indian Drugs and Pharmaceuticals Ltd (IDPL), a public sector undertaking declared a sick unit by the BIFR, sought direction to revise their pay scales and to receive three instalments of interim relief as recommended by the Fifth Pay Commission and mandated by the Ministry o

M/S. PATHEJA BROS. FORGING AND STAMPING AND ANR.versusI. C. I. C. I. LTD. AND ORS.

2000 INSC 34924 July 2000Appeal(s) allowed

The respondent filed a suit to recover loans granted to I.C.I.C.I. Ltd., impleading the company's guarantors. The company was subsequently declared a sick undertaking under the Sick Industrial Companies (Special Provisions) Act, 1985, and the High Court directed that the receiver not take possession of the company's as

CEMENT WORKERS KARAMCHARI SANGHversusM/S. JAIPUR UDYOG LIMITED AND ORS.

2008 INSC 39024 March 2008Disposed off

The case concerned the winding up of Jaipur Udyog Ltd. (JUL), a sick cement company, and the dispute over workmen's dues and a settlement entered between the workers' union and the company. JUL appealed a BIFR winding‑up order before the AAIFR, which imposed a condition to deposit Rs.10 crore; the High Court stayed tha

YASH DEEP TREXIM PRIVATE LIMITEDversusNAMOKAR VINIMAY PVT. LTD. & ORS.

2013 INSC 64823 September 2013Dismissed

The Supreme Court considered appeals filed by Yash Deep Trexim Private Limited against Namokar Vinimay Pvt. Ltd. and others, challenging a Calcutta High Court order that applied the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) to a foreign company registered in India. The Court examined whether the r

KUSUM INGOTS AND ALLOYS LTD.versusPENNAR PETERSON SECURITIES LTD. AND ORS.

2000 INSC 9723 February 2000Disposed off

Kusum Ingots and Alloys Ltd., a company, issued post‑dated cheques to Pennar Peterson Securities Ltd. The cheques were dishonoured, a statutory notice was sent, and the payee filed a complaint under Section 138 of the Negotiable Instruments Act. Before the 15‑day notice period expired, the company was declared "sick" b

ZENITH STEEL TUBES AND INDUSTRIES LTD. AND ANR.versusSICOM LIMITED

2007 INSC 117221 November 2007Matter referred to larger bench

The appellants, a sick industrial company and its guarantor, sought to enforce a personal guarantee for a loan after the company defaulted. The respondent invoked Section 31(1)(aa) of the State Financial Corporations Act, 1951, while the guarantor claimed protection under Section 22(1) of the Sick Industrial Companies

BANK OF NEW YORK MELLON LONDON BRANCHversusZENITH INFOTECH LIMITED

2017 INSC 16521 February 2017Disposed off

Zenith Infotech Ltd filed a reference under the Sick Industrial Companies (Special Provisions) Act, 1985 before the Board for Industrial and Financial Reconstruction (BIFR). The Registrar of the Board refused to register the reference on the ground that the company was not an "industrial company" within the meaning of

P. PURUSHOTTAM REDDY AND ANR.versusM/S PRATAP STEELS LTD.

2002 INSC 3821 January 2002Appeal(s) allowed

The appellants (vendors) entered into a sale agreement with the respondent (buyer) for Rs.40.25 lakh, conditioning the sale on obtaining clearance under the Urban Land (Ceiling and Regulation) Act, 1976 by a stipulated date. When the clearance was not obtained, the vendors cancelled the agreement and refunded part of t

M/S. UNIQUE BUTYLE TUBE INDUSTRIES PVT. LTD.versusU.P. FINANCIAL CORPORATION AND ORS.

2002 INSC 57420 December 2002Appeal(s) allowed

U.P. Financial Corporation initiated recovery proceedings against Unique Butyle Tube Industries Pvt. Ltd. under the Uttar Pradesh Public Monies (Recovery of Dues) Act, 1972 for default on a loan. The appellant contended that, after the enactment of the Recovery of Debts due to Bank and Financial Institutions Act, 1993,

BISHAMBHAR PRASADversusM/S. ARFAT PETROCHEMICALS PVT. LTD. AND ORS

2023 INSC 40620 April 2023Disposed off

The Supreme Court examined the status of the Large-Scale Industrial Area (LIA) in Kota, Rajasthan, and held that the land has remained under the uninterrupted ownership and lessor relationship of the State Government, not transferred to RIICO by the 1979 order. It found that the leases granted to JKSL and later to Arfa

NAVNIT R. KAMANI & ORS.versusR.R. KAMANI

1988 INSC 28319 September 1988Disposed off

The Supreme Court examined a dispute over the revival of Kamani Tubes Ltd., where the workers, through their union, proposed a scheme for revival that was examined and sanctioned by the Board for Industrial and Financial Reconstruction (BIFR) under the Sick Industrial Companies (Special Provisions) Act, 1985. The Court

K. C. NINANversusKERALA STATE ELECTRICITY BOARD & ORS.

2023 INSC 56019 May 2023Disposed off

The Supreme Court examined a batch of appeals concerning whether electricity arrears of a previous owner can be recovered from a subsequent owner who acquired the premises through auction or other transfers. It held that the duty of a distribution licensee to supply electricity under Section 43 of the Electricity Act,

WORKMEN OF M/S ROHTAS INDUSTRIESversusROHTAS INDUSTRIES AND ORS.

1995 INSC 63418 October 1995Disposed off

Rohtas Industries, a large multi‑product manufacturer in Bihar, was ordered to be wound up in 1984, leaving about 10,000 workmen unemployed. The workmen filed a writ petition under Article 32 seeking revival of the undertaking, prompting the Supreme Court to direct the Union and State governments to refer the matter to

GOVERNMENT OF ANDHRA PRADESH AND ORS.versusV.S.R. MURTHY AND ORS.

2001 INSC 44818 September 2001Dismissed

During BIFR proceedings, the Andhra Pradesh Government placed 1,486 surplus employees of Hyderabad Allwyn Ltd. in various government departments and super‑numerary posts, a scheme later sanctioned by BIFR in 1994. Subsequently, the State enacted an ordinance and the 1997 Andhra Pradesh Absorption Act prohibiting the ab

TAX RECOVERY OFFICER, CENTRAL RANGE-1versusCUSTODIAN APPOINTED UNDER THE SPECIAL COURT (TRIAL OF OFFENCES RELATING TO TRANSACTION IN SECURITIES) ACT, 1992

2007 INSC 83717 August 2007Dismissed

The Tax Recovery Officer (TRO) filed intervention applications in a Special Court seeking priority payment of income‑tax dues from Mis. Killick Nixon Pvt. Ltd. after its assets were auctioned in execution of a decree in favour of Mis. Dhanraj Mills Pvt. Ltd., the notified party. The Special Court rejected the applicati

MODI RUBBER LIMITEDversusCONTINENTAL CARBON INDIA LTD.

2023 INSC 24617 March 2023Disposed off

Modi Rubber Ltd., a sick industrial company, obtained a rehabilitation scheme approved by the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985, which scaled down the dues of unsecured creditors, including Continental Carbon India Ltd. The Delhi High Court held that an unsecured creditor could ref

M.D., BHORUKA TEXTILES LTD.versusM/S KASHMIRI RICE INDUSTRIES

2009 INSC 82515 May 2009Appeal(s) allowed

M.D., Bhoruka Textiles Ltd. (appellant) supplied paddy husk to M/s Kashmir Rice Industries (respondent) but allegedly failed to receive payment, prompting the respondent to sue for Rs.2,61,696. The respondent contended that the appellant had become a "sick" industrial company under the Sick Industrial Companies (Specia

GRAM PANCHAYAT AND ANR.versusSHREE VALLABH GLASS WORKS LIMITED AND ORS.

1990 INSC 8715 March 1990Dismissed

The Gram Panchayat sought to recover property tax from Shree Vallabh Glass Works Ltd., which had been declared a sick industrial company under the Sick Industrial Companies (Special Provisions) Act, 1985. The Board for Industrial and Financial Reconstruction (BIFR) had conducted an enquiry under s.16, found the company

M/S. BSI LTD. AND ANR.versusGIFT HOLDINGS PVT. LTD. AND ANR. ETC.

2000 INSC 7215 February 2000Dismissed

The appellants, companies whose cheques were dishonoured, were prosecuted under Section 138 of the Negotiable Instruments Act. After the complaints were filed, they obtained a declaration from the Board for Industrial Finance and Reconstruction (BIFR) that they were "sick" companies under the Sick Industrial Companies

MORGAN SECURITIES AND CREDIT PVT.LTDversusMODI RUBBER LTD.

2006 INSC 100614 December 2006Dismissed

Morgan Securities advanced an inter‑corporate deposit to Modi Rubber, which defaulted, leading to an arbitral award in favour of Morgan and a winding‑up petition. The High Court restrained Modi Rubber from dealing with its assets, but the company made a reference to the Board for Industrial and Financial Reconstruction

JAY ENGINEERING WORKS LTD.versusINDUSTRY FACILITATION COUNCIL AND ANR.

2006 INSC 61414 September 2006Appeal(s) allowed

Jay Engineering Works Ltd., a sick industrial company, was declared sick under the Sick Industrial Companies (Special Provisions) Act, 1985 and a rehabilitation scheme was approved in 2003. Respondent No.2 (Diamond Wire Industries) claimed interest on delayed payments under the Interest on Delayed Payments to Small Sca

STATE BANK OF INDIAversusV. RAMAKRISHNAN & ANR.

2018 INSC 71114 August 2018Appeal(s) allowed

State Bank of India (SBI) sought recovery of a loan from a corporate debtor whose managing director, V. Ramakrishnan, had also given a personal guarantee. After the corporate debtor defaulted, SBI invoked SARFAESI provisions and the debtor filed an insolvency petition under the Insolvency and Bankruptcy Code (IBC) 2016

KAILASH NATH AGRAWAL AND ORS.versusPRADESHYA INDST. & INV. CORP. OF U.P. AND ANR.

2003 INSC 8714 February 2003Leave Granted & Dismissed

The Pradeshiya Industrial & Investment Corp. of U.P. (PICUP) advanced a loan to Shefali Papers Ltd., secured by mortgage and guarantee bonds executed by Kailash Nath Agrawal and others. After the company was declared sick under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), PICUP issued demand not

GHANSHYAM SARDAversusM/S. SHIV SHANKAR TRADING CO. & ORS.

2014 INSC 77513 November 2014Appeal(s) allowed

The Supreme Court examined a dispute concerning J.K. Jute Mill Company Ltd., a sick industrial company under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), whose net worth had reportedly turned positive. The plaintiff sought a civil court declaration that the company was no longer a sick company,

EITZEN BULK A/SversusASHAPURA MLNECHEM LTD. & ANR.

2016 INSC 42013 May 2016Disposed off

Eitzen Bulk A/S and Ashapura Minechem Ltd entered into a charter party that contained an arbitration clause specifying London as the seat and English law as the governing law. A dispute arose and was arbitrated in London, resulting in an award against Ashapura. Ashapura sought to set aside the award in India under Sect

ASH OK KUMAR KAPUR AND ORSversusASHOK KHANNA AND ORS

2007 INSC 28413 March 2007Matter referred to larger bench

The case concerned a pension fund set up as a trust by Mis Dunlop India Ltd. After the beneficiaries had been paid, the trustees applied to the Calcutta High Court under Section 34 of the Indian Trusts Act seeking a direction on the surplus fund. The High Court refused to entertain the application, holding that Section

MIS INDIAN MAIZE AND CHEMICALS LTD.versusSTATE OF U.P. AND ORS.

1997 INSC 2013 January 1997Dismissed

Indian Maize and Chemicals Ltd obtained electricity supply from the Uttar Pradesh State Electricity Board under an agreement governed by the Indian Electricity Act, 1910. The company accrued arrears of Rs 49.95 lakh and, to avoid disconnection, agreed to pay the amount in twelve monthly instalments, a plan accepted by

JAIPUR METALS & ELECTRICALS EMPLOYEES ORGANIZATION THROUGH GENERAL SECRETARY MR. TEJ RAM MEENAversusJAIPUR METALS & ELECTRICALS LTD. THROUGH ITS MANAGING DIRECTOR & ORS.

2018 INSC 119612 December 2018Leave granted

The employees' union of Jaipur Metals & Electricals Ltd challenged a High Court order that refused to transfer winding‑up proceedings, filed under Section 20 of the Sick Industrial Companies Act, to the National Company Law Tribunal (NCLT) and set aside an NCLT order admitting a Section 7 insolvency application by Alch

GUJARAT STEEL TUBE CO. LTD.versusVIRCHANDBHAI B. SHAH AND ORS.

1999 INSC 47412 October 1999Dismissed

The landlord filed a suit for eviction of the tenant company for non‑payment of rent and, during the suit, sought an order under Section 11(4) of the Bombay Rents, Hotel and Lodging House Rates Control Act directing the tenant to deposit the arrears. The tenant argued that, because it had been declared a sick industria

DIRECTOR GENERAL OF INCOME TAX (ADMN.) & ANR.versusM/S. GTC INDUSTRIES LTD. & ANR.

2016 INSC 118312 May 2016Disposed off

Mis GTC Industries Ltd., a sick company under the Sick Industrial Companies (Special Provisions) Act, 1985, was placed under a BIFR‑sanctioned rehabilitation scheme (SS‑02) that provided, among other reliefs, a provision to "consider" waiving interest and penalty. The scheme ran from 31 Mar 2003 to 31 Mar 2011, but the

DEPUTY COMMERCIAL TAX OFFICER AND ORS.versusCORROMANDAL PHARMACEUTICALS AND ORS.

1997 INSC 26312 March 1997Appeal(s) allowed

Corromandal Pharmaceuticals Ltd., declared a sick industrial company, had a rehabilitation scheme sanctioned by BIFR in 1990. The Andhra Pradesh Commercial Tax Department issued sales‑tax assessments for 1992‑93 and 1993‑94 and began recovery proceedings in 1994‑95, after the scheme was in force. The company obtained a

INDU NISSAN OXO CHEMICALS IND. LTD.versusUNION OF INDIA AND ORS.

2007 INSC 126011 December 2007Disposed off

Indu Nissan OXO Chemicals imported certain products and disputed their classification, leading the Customs authorities to levy a penalty of Rs 10 crore under Section 112(a) of the Customs Act, 1962. The company appealed to CESTAT, which conditioned the hearing on a pre‑deposit of Rs 2 crore under Section 129E, a requir

SHIVANAND GAURISHANKAR BASWANTIversusLAXMI VISHNU TEXTILE MILLS & ORS.

2008 INSC 80911 July 2008Dismissed

The appellant, a workman of Laxmi Vishnu Textile Mills, challenged a tripartite settlement and the sale of the mill’s assets to a purchaser, alleging that the settlement was illegal, that the sale violated a BIFR order under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), and that the workers’ dues

MUKAND LTD.versusMUKAND STAFF AND OFFICERS ASSOCIATION

2004 INSC 15610 March 2004

Mukand Ltd. entered into several settlements with the Mukand Staff and Officers' Association, asserting that many of its employees were not "workmen" under the Industrial Disputes Act, 1947. A dispute was referred to an Industrial Tribunal, which awarded wage increases and other benefits to both workmen and non‑workmen

K.K. SINGHAL & ORS.versusSTEEL STRIPS LTD.

2014 INSC 8459 December 2014Dismissed

The appellants K.K. Singhal & Ors. issued 33 cheques that were dishonoured, leading the respondent Steel Strips Ltd. to file 26 complaints under Section 138 of the Negotiable Instruments Act. The parties later entered into a settlement at Chandigarh, where the respondent agreed to withdraw the complaints in exchange fo

KAPILA HINGORANIversusSTATE OF BIHAR

2003 INSC 2939 May 2003Directions issued

The Supreme Court entertained a public‑interest writ petition alleging that numerous Bihar‑owned public sector undertakings had failed to pay salaries for years, leading to starvation deaths and suicides of employees and their families. The petition sought directions for payment of arrears and held the State of Bihar l

RISHABH AGRO INDUSTRIES LTD.versusP.N.B. CAPITAL SERVICES LTD.

2000 INSC 3099 May 2000Appeal(s) allowed

Rishabh Agro Industries Ltd., ordered to be wound up by a High Court Single Judge for defaulting on a bank loan, obtained a stay of that order from the Division Bench. The company then filed a reference under Section 15(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 before the BIFR and sought, under

V.N. DEVEDOSSversusCHIEF REVENUE CONTROL OFFICER-CUM-INS. AND ORS.

2009 INSC 7488 May 2009Appeal(s) allowed

The appellant purchased 60.86 acres of land belonging to Dunlop India Ltd, a sick company, through an open‑market tender conducted by an Asset Sales Committee appointed under the Sick Industrial Companies (Special Provisions) Act, 1985. The sale deed was executed at Rs 24.34 crore and registered. The revenue authoritie

GUJARAT URJA VIKAS NIGAM LIMITEDversusMR. AMIT GUPTA & ORS.

2021 INSC 1638 March 2021Dismissed

Gujarat Urja Vikas Nigam Ltd (GUVNL) allocated a 25‑MW solar project to Astonfield Solar (the corporate debtor) under a 25‑year Power Purchase Agreement (PPA) executed in 2010. After severe flood damage the plant operated at a fraction of capacity and the corporate debtor was declared a non‑performing asset, prompting

BANK OF MAHARASHTRAversusPANDURANG KESHAV GORWARDKAR & ORS

2013 INSC 3177 May 2013Appeal(s) allowed

The Bank of Maharashtra obtained a recovery certificate against Paper and Pulp Conversions Ltd. and, through the Debt Recovery Tribunal (DRT), sold the company's movable assets, retaining a portion of the proceeds. The company was subsequently ordered to be wound up and an official liquidator was appointed. The workmen

KANPUR ELECTRICITY SUPPLY CO. LTD. & ANR.versusM/S. L.M.L. LIMITED & ORS.

2010 INSC 2887 May 2010Dismissed

L.M.L. Ltd., a two-wheeler manufacturer, was declared a Relief Undertaking and later a Sick Company due to market downturn. It applied to Kanpur Electricity Supply Co. Ltd. (KESCO) for reduction of its contracted load from 8 MVA to 1.25 MVA effective 1 April 2006, a decision approved by the Uttar Pradesh Electricity Re

BOMBAY DYEING AND MFG. CO.LTD.versusBOMBAY ENVIRONMENTAL ACTION GROUP AND ORS.

2006 INSC 1427 March 2006Appeal(s) allowed

The case concerned the validity of Development Control Regulation 58 (OCR 58) under the Maharashtra Regional and Town Planning Act, 1966, its 2001 amendment and a 2003 clarification, as applied to sick, closed or modernising cotton‑textile mills in Bombay. The petitioners, a public‑interest group, challenged OCR 58 on

M/S. S.R.F. LIMITEDversusM/S. GARWARE PLASTICS AND POLYESTERS LTD. AND ORS.

1995 INSC 1707 March 1995Appeal(s) allowed

The Board of Industrial and Financial Reconstruction (BIFR) approved a merger scheme to revive Flowmore Polyester Ltd., a sick company, by merging it with SRF Ltd. Garware Plastics and Polymers Ltd., which had earlier submitted a stand‑alone revival proposal that was rejected, claimed to be an "interested person" and s

RAHEJA UNVIERSAL LIMITEDversusNRC LIMITED & ORS.

2012 INSC 777 February 2012Dismissed

NRC Ltd, a sick industrial company, entered into a memorandum of understanding and subsequent agreements with K. Raheja Universal Ltd for the sale of 344 acres of land to raise funds for restructuring. The sale was only partially paid and the company later sought a corporate debt restructuring (CDR) scheme, which was a

SOLIDAIRE INDIA LTD.versusFAIRGROWTH FINANCIAL SERVICES LTD. AND ORS.

2001 INSC 767 February 2001Dismissed

Solidaire India Ltd. had taken three loans from Fairgrowth Financial Services Ltd. and claimed that the agreed interest rate was 18% per annum. The Special Court (Trial of Offences Relating to Transactions and Securities) Act, 1992, awarded interest at 21.5% and 23% respectively, which the appellant contested. The appe

EAGLE FLASK INDUSTRIES LTD.versusTELEGAON DABHADE MUNICIPAL COUNCIL AND ORS.

2004 INSC 5826 October 2004Disposed off

Eagle Flask Industries Ltd imported plastic powder, plastic components and glass refills and paid octroi under protest, seeking a refund of the excess duty. The Talegaon Dabhade Municipal Council levied the duty under the Maharashtra Municipalities (Octroi) Rules, and the High Court dismissed the writ petition, directi

M/S. B.P.L. LTD. AND ORS.versusR. SUDHAKAR AND ORS.

2004 INSC 3656 May 2004Leave Granted & Allowed

The Karnataka High Court stayed the operation of an order of reference that had sent certain work‑men’s disputes to the Industrial Tribunal. While the stay was in force, the employer dismissed the work‑men for serious misconduct and the work‑men filed a complaint under Section 33A of the Industrial Disputes Act, 1947,

REAL VALUE APPLIANCES LTD. ETC.versusCANARA BANK AND ORS. ETC.

1998 INSC 2165 May 1998Appeal(s) allowed

Real Value Appliances Ltd. faced a winding‑up petition and a suit for recovery of money filed by Canara Bank and Union Bank. The Bombay High Court appointed a provisional liquidator and later, in a separate proceeding, a receiver, holding that the mere registration of a reference under s.15 of the Sick Industrial Compa

K. SASHIDHARversusINDIAN OVERSEAS BANK & ORS.

2019 INSC 1485 February 2019Dismissed

The Supreme Court considered appeals by K. Sashidhar challenging the rejection of resolution plans for two corporate debtors, KS&PIPL and IIL, by the Committee of Creditors (CoC). The CoC had approved the plans with less than the statutory 75% voting share of financial creditors, leading the NCLT to deem the plans reje

U.P. STATE SUGAR CORPORATIONversusM/S SUMAC INTERNATIONAL LTD.

1996 INSC 14334 December 1996Appeal(s) allowed

The U.P. State Sugar Corporation entered into a contract with M/s Sumac International Ltd. for the supply and installation of a sugar plant, requiring the seller to furnish several irrevocable bank guarantees payable on demand. The contract was not completed within the stipulated or extended time, leading the appellant

TATA DAVY LTD. ETC.versusSTATE OF ORISSA AND ORS.

1997 INSC 5914 August 1997Appeal(s) allowed

Tata Davy Ltd was declared a sick industrial company under the Sick Industrial Companies (Special Provisions) Act, 1985 and a reconstruction scheme was sanctioned by the Board. The company had arrears of sales tax under the Orissa Sales Tax Act, 1947, and the State sought attachment of its property under section 13‑A o

DUNLOP INDIA LIMITEDversusA.P. RAHNA AND ANR.

2011 INSC 3534 May 2011Dismissed

The dispute concerned eviction of Dunlop India Limited from premises leased under the Kerala Buildings (Lease and Rent Control) Act, 1965. The landlord alleged that the tenant had ceased to occupy the premises for more than six months without reasonable cause, first from June 1998 and later from September 2001. The ten

PUNJAB STATE INDUSTRIAL DEV. CORPN. LTD.versusP.N.F.C. KARAMCHARI SANGH AND ANR.

2006 INSC 1984 April 2006Appeal(s) allowed

The Punjab State Industrial Development Corporation Ltd (PSIDC) promoted Punjab National Fertiliser & Chemical Ltd (PNFC), which was wound up under the Sick Industrial Companies (Special Provisions) Act, 1985. PNFC failed to pay wages to its workers, who approached the Punjab Chief Minister, who issued a note requestin

HARIHAR NATH AND ORS.versusSTATE BANK OF INDIA AND ORS.

2006 INSC 2004 April 2006Dismissed

The appellants, directors of Nalanda Ceramic & Industries Ltd., had secured a loan from State Bank of India by mortgaging the company's assets and providing personal guarantees. The bank filed a title mortgage suit against the company and the directors, but the High Court later ordered the winding up of the company. Th

SABARMATI GAS LIMITEDversusSHAH ALLOYS LIMITED

2023 INSC 104 January 2023Dismissed

Sabarmati Gas Ltd. entered into a gas‑sale agreement with Shah Alloys Ltd., which later defaulted on payments. The respondent was declared a 'sick company' by the BIFR, invoking a moratorium under SICA that barred legal recovery until the Code came into force on 1‑Dec‑2016. After issuing a demand notice under Section 8

PRAVIN GADA AND ANOTHERversusCENTRAL BANK OF INDIA AND OTHERS

2012 INSC 5573 December 2012Disposed off

The Supreme Court dealt with the sale of immovable property of Jay Electric Wire Corporation Ltd., a company under liquidation, which had been sold to the appellants for Rs. 2.50 crore in 2006. Secured creditors and the workmen's union challenged the sale, alleging procedural irregularities, unfair price, and the limit

CANBANK FINANCIAL SERVICES LTD.versusTHE CUSTODIAN AND ORS.

2004 INSC 4943 September 2004Appeal(s) allowed

Canbank Financial Services Ltd., a subsidiary of Canara Bank, purchased CANCIGO units worth Rs 33 crore from a stock broker (Respondent 2) who had applied for the units through two other banks (Respondents 3 and 4) that held the certificates in their names but transferred possession to the broker. The Special Court hel

MCLEOD RUSSEL INDIA LIMITEDversusREG. PROVIDENT FUND COMMISSIONER, JALPAIGURI

2014 INSC 4572 July 2014Dismissed

The case concerned a tea estate (Mathura Tea Estate) that defaulted on EPF contributions. After the estate was taken over by Eveready Industries (later McLeod Russel India Ltd.), the new management argued it was not the "employer" liable for damages under Section 148 of the Employees' Provident Funds and Miscellaneous

U.P. STATE SUGAR CORPN. LTDversusU.P. STATE SUGAR CORPN. KARAMCHARI ASSO. AND ORS

1995 INSC 3262 May 1995Appeal(s) allowed

The U.P. State Sugar Corporation Ltd., a government‑owned company, sought to sell eight loss‑making sugar units. Its net‑worth had fallen by more than 50%, making it a potentially sick industrial company under the Sick Industrial Companies (Special Provisions) Act, 1985. The corporation sent a letter dated 7‑11 May 199

MUIR MILLS UNIT OF N.T.C. (U.P) LTD.versusSWAYAM PRAKASH SRIVASTAVA AND ANR.

2006 INSC 9381 December 2006Appeal(s) allowed

Muir Mills Unit of N.T.C. (U.P.) Ltd. appointed Swayam Prakash Srivastava as a Legal Assistant on a one‑year probation. After the probation period the mill terminated his services for unsatisfactory performance. Srivastava raised an industrial dispute; the Labour Court held he was a workman and ordered reinstatement wi

Search Indian case law

Ask in plain English, not just keywords. 25,000 AI words free, no card.

Search by issue, statute, judge or citationSign in to search