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Lg Electronics Ltd. Vs. Usha (India) Ltd. and anr.

Court : Delhi

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act - Sections 22, 22(1) and 58A; Karnataka Rent Control Act; Limitation Act, 1963 - Schedule - Article 70; Limitation Act, 1908 - Schedule - Article 145; Arbitration and Conciliation Act, 1996; Code of Civil Procedure (CPC) - Order 6, Rule 12

Reported in : AIR2007Delhi231; [2008]144CompCas504(Delhi)

A.K. Sikri, J.1. This petition raises an interesting question touching the extent and reach of Section 22 of the Sick Industrial Companies (Special Provisions) Act (in short 'the SICA'), namely, whether the security deposit given by...