Supreme Court of India

Shital Fibers Ltd. v. Indian Acrylics Limited

Neutral citation
Reported as [2021] 4 S.C.R. 203
Bench R.F. Nariman, B.R. Gavai and Hrishikesh Roy JJ.
Decided 6 April 2021

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.

From the headnote

Companies Act, 1956: ss. 433, 434 – Circumstances in which company may be wound up by the court – On facts, company pe tition seeking winding up of the appellant-defaulter compa ny for its inability to pay admitted debts – Company tribunal how ever gave another opportunity to the appellant to settle the accounts with respect to the respondent and in case of failure, citatio n was to be published – In appeal, the High Court stayed the publication of t he admission notice subject to the appellant paying th e outstanding amounts to the respondent and appellant paid the ou tstanding amounts, and

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