TMI BlogConstitutional validity of some of the provisions of the IBC - Government companies to be equated with...Constitutional validity of some of the provisions of the IBC - Government companies to be equated with State or not - It is not an arm of the State. It is usually performing a commercial or/and business functions. A Government Company cannot be equated with a State authority, like National Highway Authority of India (NHAI), which is performing statutory functions or like other Departments, like Postal, Telegraph or the Railways or Public Works Department. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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