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HIGH COURT OF JUDICATURE AT ALLAHABAD
PIYUSH AGRAWAL
In The Matter Of Swadeshi Mining & Manufacturing Co. Ltd. – Appellant
Versus
Official Liquidator – Respondent
| Table of Content |
|---|
| 1. hearing of multiple counsels (Para 1) |
| 2. filing of multiple misc. company applications (Para 2 , 3 , 4) |
| 3. common order for interconnected matters (Para 5) |
| 4. historical context of smmcl and ntc (Para 6 , 7 , 8 , 10 , 11) |
| 5. nationalization and ownership implications (Para 9 , 12 , 13) |
| 6. legal distinctions of subsidiary companies (Para 22 , 25 , 26 , 39 , 42) |
| 7. review of winding up proceedings (Para 30 , 31) |
| 8. rehabilitation scheme approval under sica (Para 57 , 58 , 60) |
| 9. consequences of failure to challenge sales (Para 61 , 64 , 66) |
| 10. court's order and consequences (Para 67 , 68 , 70) |
JUDGMENT :
PIYUSH AGRAWAL, J.
1. Heard Sri Naveen Sinha, learned senior counsel assisted by Sri Tarun Agarwal and Sri Prakhar Saran Srivastava, learned counsel for the applicants, Sri J.Nagar, learned senior counsel assisted by Sri Pratik J. Nagar, learned counsel for N.T.C., Sri S.P.Singh, learned Senior Advocate and ASGI assisted by Sri Purnendu Kumar Singh, learned counsel for the Union of India and learned counsel for the Official Liquidator.
2. Misc. Company Application No. 37 of 2019 has been filed by the applicant - by M/s Balrampur Chini Mills Limited for directing the Official L
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