Small Scale Industrial Manufactures Association (Regd. ) vs Union of India

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2021 Supreme(SC) 164

ASHOK BHUSHAN, R.SUBHASH REDDY, M.R.SHAH
Small Scale Industrial Manufactures Association (Regd. ) – Appellant
Versus
Union of India – Respondent

Advocates appeared:
For the parties :Kapil Sibal, Sr. Adv. Sidharth Luthra, Kunal Vajani, Samit Shukla, Manhar S. Saini, Kunal Mimani, Ms. Saloni Shah, Ms. Shivani Khanwilkar, Chandra Prakash, Ms. Ankita Tiwari, Ayush Kaushik, Shubhang Tandon, Ms. Rooh-e-hina Dua, M.P. Vinod, Ashish Aggarwal, Ms. Shashi Kiran, Ms. Sangeeta Bhalla, Manoj Jain, Arjun Sain, Ashish Virmani, B V Balaram Das, Ravindra Shrivastava, Sr. Adv. Anshuman Shrivastava Advocate Abhijeet Shrivastava Advocate Ms Garima Tiwari Advocate Mr Arpit Jain Advocate Mr Abhishek Sharma Advocate B. Ramana Murthy, Kumar Dushyant Singh, Devesh Chauvia, Mukul Lather, Ms. Pooja Singh, Ms. Swati Setia, Siddharth Bhatnagar, Sr. Adv. Shashank Kunwar, Ms. Sonia Dube, Shatadru Chakraborty, Ms. Kanchan Yadav, Anurag Singh, Ms. Surbhi Anand, for M/s. Legal Options. Harish Pandey, A. Karthik, Govind Manoharan, Ms. Smrithi Suresh, Sarveshwar K., S.M. Vivekanandh, Syed Jafar Alam, Shankh Sengupta, Ms. Tine Abraham, Ms. Chhavi Jain, E. C. Agrawala, Sanjay Kapur, Ms. Megha Karnwal,Adv V M Kannan, Sambit Panja, Arjun Bhatia, Gaurav Sharma, Dhawal Mohan, Prateek Bhatia, Ms. Alankrita Sinha, Keshav Mohan, R. K. Awasthi, Ms. Ritu Arora, Santosh Kumar - I, Kishor Ram Lambat, Ms. Kashmira Lambat, M/S. Lambat And Associates, M/S. D.S.K. Legal, Subhskumar Kadam, Asim Sarode, Ms. Manju Jetley, Abhinay, Manoj V. George, Vignesh Ram, Ms. Manju George, Ms. Shilpa Liza George, Petitioner-in-person Ashish Virmani, A. Karthik, M. P. Vinod, Mrs. Anil Katiyar, Sanjeev Sagar, Shekhar Raj Sharma, Ms. Nazia Parveen, Jinendra Jain, Ms. Shashi Kiran, Ms. Manjeet Kirpal, Ramesh Babu M. R., Ms. Aagam Kaur, Ms. Aadya Yadav, Ms. Bhavya Tyagi, Abhikalp Pratap Singh, Abhigya Kushwah, Vivek Sharma, Neeraj Kumar Sharma, Ms. Rachana Sharma, Manoj Tomer, Kush Chaturvedi, Aditya Shekhar, Ms. Priyashree Sharma PH, Pranav Diesh, Baibhaw Gahlaut, V. Shekhar, Sr. Adv. kumar Anurag Singh, Zain A Khan, Kanishk Khetan, Harsh Gupta, Ms. Tulika Mukherjee, Goutam Bhal, Sanjay Kumar Dubey, Karunakar Mahalikar, Manoranjan Mishra, P.l.Narayanan, G.Balaji, Advocates

JUDGMENT :

M.R. SHAH, J.

1. Writ Petition (Civil) No. 476 of 2020 has been preferred under Article 32 of the Constitution of India by the Small Scale Industrial Manufactures Association, Haryana for an appropriate writ, direction or order directing the Union of India and Others to take effective and remedial measures to redress the financial strain faced by the industrial sector, particularly MSMEs due to the Corona Virus Pandemic. It appears that the writ petitioner is not satisfied with the steps taken by the RBI vide notification dated 27.03.2020. According to the petitioner, the Covid-19 Regulatory Package notified by the RBI vide notification dated 27.03.2020 insofar as the terms loans, working capital facilities and restructuring of Stressed Account is inadequate, ineffective and does not offer any substantial relief, aid or assistance to the industries particularly MSMEs. According to the petitioner, the abovementioned Regulatory Package will not in any manner salvage the MSMEs and help them recover from financial losses that have been caused due to the unforeseen circumst

Click Here to Read the rest of this document

2021 Supreme(SC) 164

ASHOK BHUSHAN, R.SUBHASH REDDY, M.R.SHAHSmall Scale Industrial Manufactures Association (Regd. ) – AppellantVersusUnion of India – Respondent

ASHOK BHUSHAN, R.SUBHASH REDDY, M.R.SHAH
Small Scale Industrial Manufactures Association (Regd. ) – Appellant
Versus
Union of India – Respondent