Supreme CourtDivision Bench(1995) 04 SC CK 0055

V.R. Ramaraju vs Union of India (UOI) and Others

Supreme Court Of India · Decided on 17 April 1995 · Citation: AIR 1995 SC 1236 : (1995) 2 JT 110 : (1995) 1 SCALE 539 : (1995) 2 SCC 161 : (1995) 1 SCR 1036

HON’BLE JUDGES
Sujata V. Manohar, J · J. S. Verma, J
RESULT
Dismissed
CASE NUMBER
Special Leave Petitions (Civil)

AI Structured Summary

Not yet generated for this judgment

Judgment

4 paragraphs · 132 words
1.

Delay condoned.

2.

We do not find any ground to interfere with the High court''s view which has rejected the challenge to the constitutional validity of Section (2) of section 20 of the Sick Industrial Companies (Special Provisions) Act, 1985.

3.

It is obvious that Ss. (2) has to be construed to mean that the High court in deciding the question of winding up of the company has to take into account the opinion of the Board forwarded to it under Ss. (1) and is not to abdicate its own function of determining the question of winding up. So read, Ss. (2) does not suffer from any infirmity. This in substance is the view taken by the High court in the impugned order.

4.

The special leave petition is, therefore, dismissed.