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Employees Elconmet Ltd. Vs. the Ipicol

Court : Orissa

Subject : SICA

Acts : Companies Act, 1956 - Sections 44(2), 433, 439, 441, 441(2), 529A, 537 and 537(1); Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 15(1), 16, 20, 20(1), 20(2), 20(3), 20(4), 32 and 32(1); Foreign Exchange Regulation Act, 1973; Urban Land (Ceiling and Regulation) Act, 1976; Income Tax Act, 1961 - Sections 72A; Companies' (Court) Rules, 1989; Companies (Court) Rules, 1959 - Rule 272

Reported in : III(2005)BC143; 99(2005)CLT502; [2006]133CompCas924(Orissa); [2005]64SCL288(NULL)

Advocate for Respondent : Sandeep Rath, Adv.

ORDERA.K. Patnaik, J.1. This is an application filed by the employees of M/s. Elconmet Ltd. (for short, 'the Company') in Company Act No. 17 of 2001 to declare the sale of the assets of the said...