Calcutta HC: Cannot Deny Electricity Solely on Ground of Not Furnishing Ownership  ||  Madras HC: Cannot Hold Protests at Whim and Fancies  ||  Bombay HC: March of Development in Mumbai Cannot Trample Heritage Structures  ||  P&H HC: Seriousness of Offence of Drug Trafficking Can’t Trample Constitutional Safeguards  ||  Bombay HC: Cannot Deny ‘Right to Life’ to Accused who is in Custody  ||  Ker HC: Action Must be Taken against Private Nursing Colleges Not Paying Teachers as per Regulations  ||  Kerala HC: Can Make IRCTC Responsible for Managing Waste in Railway Stations  ||  J&K HC: Magistrate Can Revoke Orders or Drop Proceedings if No Case is Made Out  ||  Kerala HC Directs Placing of Draft Guidelines for Dealing With Snake Bites in Schools  ||  J&K HC: Cannot Equate Irregular Appointments with Illegal Appointments    

Hindustan Motors Ltd. v. Board of Industrial and Financial Reconstruction - (High Court of Delhi) (28 Sep 2015)

Hindustan Motors continues to roll on its last cylinder

MANU/DE/2860/2015

SICA

Hindustan Motors was granted reprieve against an order of the Board for Industrial and Financial Reconstruction restraining it from disposing of its assets without the consent of the Board. The Court noted that HM was not given an opportunity to be heard prior to the Board’s injunction and no formal order was passed; only a printed notice was issued at the hearing. The Board’s order preventing HM from disposing of its property without consent was quashed.

Relevant : Section 22A Sick Industrial Companies (Special Provisions) Act, 1985 Act U.P. State Sugar Corpn. Ltd. vs. U.P. State Sugar Corpn. Karamchari Assn. and Ors. MANU/SC/0723/1995

Tags : HINDUSTAN MOTORS   SICK   COMPANY   FORMAL ORDER  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved