Supreme Court of India

Kailash Nath Agrawal and Ors. v. Pradeshya Indst. & Inv. Corp. of U.P. and Anr.

Neutral citation

Reported as [2003] 1 S.C.R. 1159

Bench Ruma Pal and B.N. Sri Krishna JJ.

Decided 14 February 2003

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.

9 Supreme Court benches have cited this judgment.

From the headnote

Sick Industrial Companies (Special provisions) Act, I985 : Sections 3(/) and 22(1): Loan given by a Government Company to a private company against security and bonds of guarantee-Debtor company declared sick-BJ FR initiated action/or its revival-Issuance of demand notices to debtor/Guarantor and thereafter recovery certificates under UP. Act Challenge to-Writ Petition dismissed by High Court-On appeal, Held, the object of SICA is to facilitate rehabilitation/winding up of sick industry and not lo protect guarantor-Jn the absence of anything contrary to the joint and several liability of

Authorities it was built on

1989 Pandurang Ramchandra Mandlik (since Dead) by His Lrs. and Anr. v. Smt. Shantabai Ramchandra Ghatge and Ors. cited by 6
1991 Assistant Collector of Central Excise, Guntur v. Ramdev Tobacco Company cited by 3

Where later benches applied it

2020 Indore Development Authority v. Manoharlal & Ors. Etc. relied on
2020 Mr. Rajendra K. Bhutta v. Maharashtra Housing and Area Development Authority through its Chairman & Anr. relied on
2023 Sabarmati Gas Limited v. Shah Alloys Limited referred to
2022 Kerala State Beverages Manufacturing & Marketing Corporation Ltd. v. The Assistant Commissioner of Income Tax Circle 1(1) referred to
2018 Indore Development Authority v. Shailendra (dead) through Lrs. & Ors. referred to
2016 M/s Madras Petrochem Ltd. & Anr v. Bifr& Ors. referred to
2014 Ksl & Industries Ltd. v. M/sarihantthreads Ltd. & Ors. referred to
2013 Econ Antri Ltd. v. Rom Industries Ltd. & Anr. referred to
2012 Tara Chand & Ors. v. Gram Panchayat Jhupa Khurd & Ors. referred to

Of those, 2 relied on · 7 referred to

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