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1975 (8) TMI 91 - SC - Companies LawWhether section 23(4)of the Monopolies and Restrictive Trade Practices Act, 1969 was attracted to the facts of the case? Held that:- Appeal allowed. What the appellant proposed to the Central Government was to establish a new undertaking, if we throw aside legal camouflages built around a verb and pierce the corporate veil. Therefore, while jurisdiction in the respondent to apply section 23(4) of the Act is absent, the appellant may be caught within the spider's web of section 22—I do not express myself finally. The appeal must now succeed, but the legal drama may still have its Fifth Act for the appellant—I cannot be futuristic as the full facts will first be examined by Government for that purpose—in case he chooses to apply.
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