Supreme Court of India
M/s. S.R.F. Limited v. M/s. Garware Plastics and Polyesters Ltd. and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the view that the contentions of Sri Nariman merit acceptance.
Judgment, page 11
From the headnote
Sick Industrial Companies (Special Provisions) Act, 1985: Ss.3(1)(0),15(1),16,17(1),17(3),18,21 and 28-Sick industrial com pany-Revival of-Interested person-Operating agency inviting offers from parties evincing interest in revival of sick company-Respondent and another company submitting their schemes on 'stand alone' basis-Appellant submit- ting proposal for merger of sick company with it-Scheme of respondent rejected-Board of Industrial and Financial Reconstructioh approving scheme of merger-Respondent evincing no interest in the matter any fu.rther, except . filing appeal against final
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