Supreme Court of India

Rajiv Kumar Jindal and Others v. Bci Staff Colony Residential Welfare Association and Others

Neutral citation
Reported as [2023] 4 S.C.R. 79
Bench Ajay Rastogi and Bela M. Trivedi JJ.
Decided 27 April 2023

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

Sick Industrial Companies (Special Provisions) Act, 1985 : ss. 20(4), 21(c) – Winding up of sick industrial company – Operating agency to prepare complete inventory – On facts, Operating Agency- IDBI initiated process to sell the subject assets of the s ick industrial company-BCI in terms of the order passed by the BIFR – Submission of solitary bid by the appellant – Operating authority acce pted the same – However, the appellant did not adhere to the terms and conditions of Asset Sale Committee (ASC) – In view t hereof, BIFR did not agree to the proposal to accept the bid – owever, the

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