Supreme Court of India
M/s. Bakemans Industries Pvt. Ltd. v. M/s. New Cawnpore Flour Mills and Others
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.
4 Supreme Court benches have cited this judgment.
From the headnote
Companies Act, 1956 - ss. 433, 529 and 457 -Finan- cier initiating action against defaulting company under State Financial Corporation Act, 1951 - Court permitting the Finan- c cier to hold sale of the proceeds of the defaulting company - Simultaneous proceedings of winding of the Company by other creditors before company court- Subsequently, Financier sub- miffing itself to the jurisdiction of company court - Sale held under supervision of the company court in disregard to the provisions of Companies Act - Propriety of - HELD: Order of ·~ Company court is unsustainable - The order of Company
Where later benches applied it
- 2021 A. Navinchandra Steels Private Limited v. Srei Equipment Finance Limited & Ors.
- 2023 Secundrabad Club Etc. v. C.i.t.-v Etc.
- 2023 Official Liquidator v. Ujjain Nagar Palika Nigam & Ors
- 2015 Pegasus Assets Reconstruction P. Ltd. v. M/s. Haryanaconcast Limited &anr.
Of those, 1 relied on · 3 mentioned
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