WP(C) 2430/1987

Page 1 of 14

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IN THE HIGH COURT OF DELHI AT NEW DELHI

W.P.(C) No.2430/1987

Date of Decision: January 09, 2009

GRINDLAYS BANK

….Petitioner

Through: Mr.Sanjeev Anand with

Mr. Vikas Kakkar & Mr.

D. Nishant, Advs.

Versus

UNION OF INDIA & Ors. .…Respondents

Through: Mr. Naveen Sharma with

Ms. Swati B. Sharma for

Respondent No. 3.

CORAM:

Hon’ble Mr. Justice Vikramajit Sen

Hon’ble Mr. Justice S.L. Bhayana

1. Whether reporters of local papers may be allowed

to see the judgment?

Yes

2. To be referred to the Reporter or not? Yes

3. Whether the judgment should be reported

in the digest or not?

Yes

S.L. BHAYANA, J.

This Writ Petition has been filed under Article 226 of the

Constitution of India challenging the constitutional validity of the

Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of

Undertakings) Act, 1986 (hereinafter referred to as „the Act‟) with the

prayer that an appropriate Writ, order or direction be issued

declaring that the Petitioner‟s claim as a secured Bank creditor is

entitled to preference and priority over the claims of all other

unsecured creditors and t