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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 for Salco Extrusions (P) Ltd.
For the Respondents: NANAVATI ASSOCIATES, MR PAVAN S GODIAWALA, MR AS VAKIL, MR BHARAT JANI, MR RAJU K KOTHARI, MR RAJESH P MANKAD, SINGHI & CO, MR SUBRAMANIAM IYER

Table of Content
1. admission and provisional liquidation of company (Para 1 , 2 , 3)
2. winding up application and necessity for it (Para 4 , 5)
3. application for meetings of creditors and revival scheme (Para 6 , 7 , 8 , 9 , 10)
4. arguments against the company's management (Para 11 , 12)
5. objections to revival scheme and contention of creditors (Para 13 , 14 , 15)
6. court's observations on statutory norms (Para 16 , 17 , 18)
7. assessment of company's viability and creditor responses (Para 19 , 20)
8. final conclusions on adequacy of revival proposals (Para 22 , 24)
9. final order on company winding up (Para 31 , 32)

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 allowed to see the judgment ? 2 To be referred to the Reporter or not ? 3 Whether their Lordships wish to see the fair copy of the ju















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