M.M.PUNCHHI, S.C.AGRAWAL
Sudarshan Trading Company LTD. – Appellant
Versus
Pp. Saffiya – Respondent
ORDER:—These contentions six applications being I.A. Nos. 3-8 of 1990 in Special Leave Petition No. 15731 of 1989 are the aftermath-of an order dated 19th March, 1990 passed by a two Judge Bench of this Court disposing of the Special Leave Petition. That order reads as follows
"There will be no order on this petition except that the respondents will pay the balance sum due to be paid, which they have undertaken to pay, by 31-3-1990 and the sale thereafter will take place subject to the land acquisition proceedings. The Special Leave Petition is disposed of."
2. The Order came to be passed in these circumstances Sudershan Chits India Ltd. is a Company in liquidation before the Kerala High Court. Sudershan Trading Company Ltd. the petitioner in the Special Leave petition was the Holding company of the company in liquidation. The holding cornpany was required to discharge its liability of Rs. 8.09 crores to the company in liquidation. To facilitate payment thereof, the petitioner company obtained permission from a Division Bench of the Kerala High Court on 11-6-1987 to sell its 20.79 acres of land,toghether with Coconut trees standing thereon, the land being situated on the outskirts of
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.