Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2017 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (1) TMI 1805 - HC - Companies LawMajor shareholder of petitioner company - HELD THAT:- The AAIFR has in the impugned order, made it clear that the issue of whether VIL is a major share holder of the petitioner company is the subject matter of a suit in this High Court and the issue is yet to be decided. It is not for the BIFR or AAIFR to adjudicate this issue. The suit has since been transferred to the Saket District Court. The impugned order does not call for interference under Article 226 of the Constitution of India. In any case, with the enforcement of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 w.e.f. 01.12.2016, the writ petition has become infructuous and the same is dismissed. Petition disposed off.
|