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Jay Engineering Works Ltd. Vs. Industry Facilitation Council and anr.

Court : Supreme Court of India

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 15, 20(4), 22, 22(1), 25 and 32(1); Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 - Sections 6(2); Arbitration and Conciliation Act, 1996 - Sections 7(1) and 10; Companies Act, 1956 - Sections 16, 17, 25 and 433; Foreign Exchange Regulation Act, 1973; Urban Land (Ceiling and Regulation) Act, 1976; Recovery of Debts Due to Banks and Financial Institutions Act, 1993; Industrial Employment (Standing Orders) Act

Reported in : AIR2006SC3252; 2007(2)ALLMR(SC)887; 2006(3)ARBLR594(SC); [2006]133CompCas670(SC); (2006)6CompLJ209(SC); JT2006(12)SC171; 2006(9)SCALE285; (2006)8SCC677; [2006]71SCL189(SC);

S.B. Sinha, J.1. Leave granted.2. The Appellant herein is a public limited company engaged in business of manufacturing electronic fans and fuel injection equipments. Respondent No. 2 is a small scale industry. It manufactures copper wires....