Supreme Court of India
M/s Meghal Homes Pvt. Ltd. v. Shree Niwas Girni K.K. Samiti 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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the view that this cannot also be taken to be a modification A which the Court can bring about on its own under Section 392 of the Act on the pretext that it is a modification necessary for the proper working of the compromise or arrangement.
Judgment, page 30
From the headnote
Companies Act, 1956-Sections 39/-394A and 466-Power to make compromise or arrangements with creditors and members-Winding up of Company-Framing of scheme for revival of company under liquidation Scheme approved by general meeting but not accepted by Division Bench of High Court-Compromise or arrangement between promoters of Company and sponsor of arrangement-Amended Scheme approved-Non-acceptance by company court on the ground that Scheme not for revival-Official Liquidator inviting offers for disposal of assets of co,mpany-lnterested persons including sponsors placed proposals-Scheme
Where later benches applied it
Of those, 1 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.