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2000 (5) TMI 959 - SC - Companies LawProvisions of section 45S challenged - Held that:- Appeal dismissed. A number of petitions had been filed in this Court seeking transfer of writ petitions pending in different High Courts. By order dated 17-2-2000, those transfer petitions were dismissed as not pressed. Besides the writ petitions, in respect of which, those transfer petitions had been filed, a number of other petitions are pending disposal in various High Courts. In quite a few of them the High Courts have granted an interim injunction staying the operation of the implementation of the amended section 45-S. For the view we have taken now, it is imperative that these petitions, pending in the different High Courts, are formally disposed of at an early date. We, therefore, request all the High Courts, in which the petitions are pending challenging the provisions of section 45S, to dispose them of within a period of three months. Needless to say inasmuch as the validity of section 45S has been upheld by us, the said provision shall be liable to be enforced notwithstanding any interim orders to the contrary which may have been passed by any High Court, which interim order must necessarily now lose all its significance.
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