Bombay High Court Quashes Damages Order Against Sick Company in PF Case Due to Unreasoned Orders and Inordinate Delay. Authority directed to pass reasoned order after considering company's financial difficulties and delay in initiation of proceedings under Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
5 Jul 2012The petitioner, Wasp Pumps Pvt Ltd, a company declared sick under the Sick Industrial Companies Act, 1985 in 1996-1997, challenged an order dated 04.1...
