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Search Results for "SICA scheme"

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High Court

Bombay High Court Allows Writ Petition Challenging BIFR Order in SICA Reference — Holds That BIFR Cannot Reopen a Duly Sanctioned Scheme Without Jurisdiction Under Section 18 of SICA. The court quashed the BIFR order reopening a sanctioned scheme, ruling that the BIFR lacks inherent powers to review or modify a final scheme under the Sick Industrial Companies (Special Provisions) Act, 1985.

25 Apr 2011

The petitioner, Kotak Mahindra Bank Limited, challenged an order dated 25.1.2011 passed by the Board for Industrial and Financial Reconstruction (BIFR...

High Court

Bombay High Court Allows Withdrawal of Winding-Up Petitions by Creditor in Company Law Dispute — Official Liquidator's Report Not a Bar. Court held that a creditor can withdraw a winding-up petition before advertisement under Section 466 of Companies Act, 1956, even after the Official Liquidator's report, as the petition remains a private dispute until advertisement.

30 Nov -0001

The judgment concerns two company applications (CA 80/2012 and CA 81/2012) filed by Pavlova Estates Private Limited (the applicant) seeking withdrawal...

High Court

High Court Allows Amalgamated Company's Claim for Unabsorbed Depreciation of Sick Company Under Section 32(2) of Income Tax Act, 1961. The court held that unabsorbed depreciation of amalgamating company is deemed to be depreciation of amalgamated company under Section 32(6) and can be carried forward irrespective of whether amalgamating company filed returns.

7 Sep 2017

The case involves two income tax appeals filed by M/s. Ballarpur Industries Ltd. (BILT) against the Commissioner of Income Tax, Vidarbha, Nagpur, conc...

High Court

Madras High Court Allows Writ Petitions Seeking Compliance with BIFR Rehabilitation Scheme and Quashes Pre-deposit Order in Customs Dispute. Merger of Sick Company with Petitioner Under SICA Extinguishes Pre-deposit Liability, and Revenue Authorities Are Bound by the BIFR Scheme.

7 Jan 2026

The petitioner, SMS Lifesciences India Limited, filed two writ petitions. The first sought a writ of mandamus directing respondents 1 to 3 (Director G...

High Court

Bombay High Court Dismisses Workers' Petition in Unfair Labour Practice Case Against Textile Mill. Held that the Industrial Court's finding of no unfair labour practice under MRTU & PULP Act was based on evidence and not perverse.

5 Apr 2006

The petitioners, workers employed by respondent no. 1 (Shri Ram Mills), filed a complaint before the Industrial Court under the Maharashtra Recognitio...

Supreme Court

Supreme Court Clarifies Penalty Imposition under FT Act: Rehabilitation Scheme's Scope Examined Interpreting Section 11(2) and SICA Provisions

13 May 2024

Foreign Trade (Development and Regulation) Act, 1992 - Imposition of penalty for non-fulfillment of export obligation under an Export Promotion Capita...

High Court

Bombay High Court Allows Writ Petition Challenging Electricity Disconnection of Sick Industrial Company. Government's Communication to MSEDCL to Disconnect Supply Set Aside as Violative of Natural Justice and Contrary to BIFR Directions.

18 Sep 2019

The petitioner, Goradia Special Steels Ltd., a company incorporated under the Companies Act 1956, is a sick industrial company registered with the Boa...

High Court

Bombay High Court Allows Resolution Professional to Continue CIRP Under IBC Despite Pending Winding-Up Petition Under Companies Act, 1956. Leave under Section 446 of Companies Act, 1956 granted to proceed with Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016.

2 Nov 2018

The judgment concerns Company Application No. 10 of 2017 filed by the Resolution Professional of Murli Industries Limited (the corporate debtor) under...

High Court

Bombay High Court Directs Official Liquidator to Adjudicate Workmen's Claims in Winding Up of KMA Ltd. Under Sections 529A and 530 of Companies Act, 1956. Industrial Court's Order on Unpaid Wages Held Binding on Official Liquidator.

6 Jan 2016

The judgment concerns two company applications filed in the winding up of KMA Ltd. (in liquidation). Company Application No.593 of 2011 was filed by a...

High Court

Bombay High Court Directs Official Liquidator to Adjudicate Workmen's Claims in Winding Up of KMA Ltd. Under Sections 529A and 530 of Companies Act, 1956. The court held that the Official Liquidator must consider the Industrial Court's order dated 2 July 2005 in adjudicating claims of workmen.

6 Jan 2016

The judgment concerns two company applications filed in the winding up proceedings of KMA Ltd. (in liquidation). Company Application No. 593 of 2011 w...

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