H.SURESH
State Bank of India – Appellant
Versus
Podar Mills Ltd. & others – Respondent
2. Now, to the first question: Section 8(1) and (2) of the Act, which are relevant are as follows:
"8 (1) So long as the management of the textile undertaking of a textile company remains vested in the Central Government under this Act, notwithstanding anything contained in the Companies Act, 1956 or in the memorandum of articles of association of such company---
(a) it shall not be lawful for the shareholders of the textile company or any other person
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.