Supreme Court of India
Punjab State Industrial Dev. Corpn. Ltd. v. P.N.F.C. Karamchari Sangh and Anr.
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that the PSIDC could not H be made liable for the dues owed by the PNFC to its workers.
Judgment, page 6
From the headnote
Companies Act, 1956-Section 446-Companies (Court) Rules, 1959- Rule 9-Company Court-Powers of. qua a company-in-liquidation-Held: Company Court not empowered to fasten liability of the company-in-liquidation towards its workers on Appellant, a distinct and separate corporation and a third party-Sick Industrial Companies (Special Provisions) Act, 1985. Government Order-Note made by State Chief Minister-Held: Is not an order of the State Government-Hence, not binding-Order of State Government is issued in a prescribed manner and the note cannot be treated as one. PNFC, a company promoted by
Where later benches applied it
Of those, 1 relied on
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