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2017 (2) TMI 603 - HC - Indian LawsScheme for rehabilitating of sick company - revival of Adilabad Unit - Held that:- State of Telangana intends to represent to the Union of India seeking revival of the Cement Corporation of India Limited, Adilabad District, considering the number of representations received from the local public as well as employees of the Cement Corporation of India Limited, Adilabad District. Inasmuch as the learned Special Government Pleader requests this Court to deal with this aspect as well, it may be observed that the above-quoted paragraph refers to revival of the Cement Corporation of India Limited, Adilabad District. The Cement Corporation of India Limited having a number of units is different from the Cement Corporation of India Limited, Adilabad District as there is no Company existing like Cement Corporation of India Limited, Adilabad District in strict legal sense. Probably, what the Principal Secretary means is Adilabad unit of Cement Corporation of India Limited. Inasmuch as the issue before the BIFR as well as the Appellate Authority was the revival of the Cement Corporation of India Limited the Sick Industrial Company with multiple units, the question of revival of Adilabad Unit on stand alone basis does not arises. However, it may not be construed that if the State of Telangana or any other party interested to rehabilitate or revive the Adilabad Unit, the same would have to be strictly done in accordance with the scheme as approved by the BIFR which aspect has already been dealt with in the preceding paragraphs. This Court finds no merits in the writ petition and accordingly, the writ petition is dismissed making it clear that the respondent-authorities shall implement the scheme formulated with respect to the workers in letter and sprit expeditiously.
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