B.I.F.R. vs CMD, APS STAR INDUSTRIES LTD.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

GUJARAT HIGH COURT
K.A. PUJ, J
B.I.F.R. – Appellant
Versus
CMD, APS STAR INDUSTRIES LTD. – Respondent

Advocates:
For the Appellants/Petitioners: MR AK CLERK, MRJANAK RSHAH, MR RD DAVE
For the Respondents: NANAVATI ASSOCIATES, MR PAVAN S GODIAWALA, MR AS VAKIL, MR BHARAT JANI, SINGHI & CO, MR SUBRAMANIAM IYER, MR RAJU K KOTHARI, MR RAJESH P MANKAD, MS AMEE YAJNI, MR YF MEHTA

Table of Content
1. overview and initial admission into the court process. (Para 1 , 2)
2. appointment of official liquidator and initial hearings. (Para 3 , 4)
3. winding-up petitions filed due to company financial issues. (Para 5 , 6)
4. challenges to the proposed scheme and claims of the unions. (Para 7 , 8 , 9 , 10)
5. objections to revival and the creditors' positions. (Para 11 , 12 , 13)
6. additional details regarding the company's financial struggles. (Para 14 , 15 , 16)
7. counterarguments from creditors regarding company viability. (Para 22)
8. court’s reservations about the proposed revival scheme. (Para 24 , 25)
9. concluding observations on the company’s fate. (Para 26 , 27 , 28)
10. final decision on winding up the company. (Para 29 , 31)

JUDGEMENT

IN THE HIGH COURT OF GUJARAT AT AHMEDABAD COMPANY PETITION No. 190 of 2003 With COMPANY PETITION No. 287 of 2003 With COMPANY APPLICATION No. 448 of 2007 In COMPANY PETITION No. 190 of 2003 With COMPANY APPLICATION No. 500 of 2007 In COMPANY APPLICATION No. 448 of 2007 For Approval and Signature: HONOURABLE MR.JUSTICE K.A.PUJ ========================================================= 1 Whether Reporters of Local Papers may be all

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GUJARAT HIGH COURTK.A. PUJ, JB.I.F.R. – AppellantVersusCMD, APS STAR INDUSTRIES LTD. – Respondent

GUJARAT HIGH COURT
K.A. PUJ, J
B.I.F.R. – Appellant
Versus
CMD, APS STAR INDUSTRIES LTD. – Respondent