Supreme Court Upholds Decision in Company Liquidation Matter — Focus on Revival and Asset Disposal. The court emphasized that a compromise under Section 391 must aim for the revival of the company and not merely for asset disposal....
The appeals arose from proceedings in the Company Court concerning M/s Shreeniwas Cotton Mills Limited (SCML), which was ordered to be wound up on 25.7.1984 due to financial difficulties. After a deca...




