Supreme Court of India
A.P. State Financial Corporation v. Official Liquidator
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.
7 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that imposition of the above E conditions by the High Court was lawful.
Judgment, page 7
From the headnote
State Financial Corporation Act, 1951 : Sections 29 and 46-Financial Corporation-Liquidation proceedings Staying outside of-Conditions-Imposing of- company took loan from Fi nancial Corporation and went into liquidation-Company Judge allowed Fi nancial Corporation to stay outside liquidation proceedings and imposed certain conditions-Validity of-Held : Right to sell property of debtor com pany not absolute but is subject to S.529( I) proviso and non obstante clause in S.529- of Companies Act for pari passu charge of workmen-Hence, Com pany Judge rightly imposed the conditions-Further,
Where later benches applied it
- 2013 Bank of Maharashtra v. Pandurang Keshav Gorwardkar & Ors
- 2012 Pravin Gada and Another v. Central Bank of India and Others
- 2015 Laxmi Fibres Ltd. v. Ap. Industrial Dev. Corpn. Ltd. & Ors.
- 2013 Essa@ Anjum Abdul Razak Memon v. The State of Maharashtra, through Stf, Cbi Mumbai, Part-ii
- 2013 The Official Liquidator, U.P. and Uttarakhand v. Allahabad Bank and Ors.
- 2012 Jitendra Nath Singh v. The Official Liquidator & Ors.
- 2011 Employees Provident Fund Commissioner v. O.L. of Esskay Pharmaceuticals Limited
Of those, 2 relied on · 5 referred to
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.