Court : Supreme Court of India
..... . the balakrishnan committee 67 on 14 december 1989 the committee constituted by the ministry of home affairs for making recommendations on the reorganization of the structure for the governance of delhi submitted its report ..... . the main features of the reorganization proposed are the abolition of the existing constitutional distinction between part a, part b and part c states, the establishment of two categories for the component units of the union to be called the states and the abolition of ..... . section 130 of the states reorganization act 1956 repealed the 1951 act .....
Tag this Judgment!Court : Supreme Court of India
..... chenery corp.30 this case arose from an order of the securities exchange commission (sec) refusing to approve a utility company's bankruptcy reorganization plan, due to that plan's favourable treatment of management's stock purchases during the reorganization period. ..... on remand, the sec reaffirmed its rejection of the reorganization plan. .....
Tag this Judgment!Court : Supreme Court of India
..... the uncitral guide notes that a moratorium is critical during reorganization proceedings since it facilitates the continued operation of the business and allows the debtor a breathing space to organize its affairs, time for preparation and approval of a reorganization plan and for other steps such as shedding unprofitable activities and onerous contracts, where appropriate. ..... in other jurisdictions too, a moratorium may be put in place on the advent of formal insolvency proceedings, including liquidation and reorganization proceedings. .....
Tag this Judgment!Court : Supreme Court of India
..... for the purposes of this sub-section, arrangement includes a reorganization of the company s share capital by the consolidation of shares of different classes or by the division of shares into shares of different classes, or by both of those methods. ..... the code is first and foremost, a code for reorganization and insolvency resolution of corporate debtors. ..... unless such reorganization is effected in a time-bound manner, the value of the assets of such persons will deplete. .....
Tag this Judgment!Court : Supreme Court of India
..... a comprehensive and time-bound framework was introduced with smooth transitions between reorganization and liquidation, with an aim to inter alia maximize the value of assets of all persons and balance the interest of all stakeholders54. ..... the cirp mandates interests of stakeholders to be better preserved by reorganization than liquidation. ..... recently, in gujarat urja97 (supra) a three judge bench of this court observed that a delay in completion of the insolvency proceedings would diminish the value of the debtor s assets and hamper the prospects of a successful reorganization or liquidation. .....
Tag this Judgment!Court : Supreme Court of India
..... . the power to admit and include states into the union under article 2 of the constitution, and to form new states and/or reorganize state, is in its very nature of the power, wide and its exercise necessarily guided by 7 air1984sc142026 political issues of considerable complexity, many of which may not be judicially manageable.61 ..... , as per sections 77(2) and 80 of the andhra pradesh 9 reorganization act, 2014, hereinafter referred to as the act of 2014 , read with the final allocation guidelines issued on 29/30th december 2014.20. mr. ..... 20 reorganization act, 2014 she has to work in the said state only.30. .....
Tag this Judgment!Court : Supreme Court of India
..... the uncitral guide notes that a moratorium is critical during reorganization proceedings since it facilitates the continued operation of the business and allows the debtor a breathing space to organize its affairs, time for preparation and approval of a reorganization plan and for other steps such as shedding unprofitable activities and onerous contracts, where appropriate. ..... in other jurisdictions too, a moratorium may be put in place on the advent of formal insolvency proceedings, including liquidation and reorganization proceedings. .....
Tag this Judgment!Court : Supreme Court of India
..... whereas in view of grave and serious irregularities thereafter government had to intervene on various occasions in the past; and whereas the administration under the superintendent has further deteriorated and a situation has arisen rendering it expedient to reorganize the scheme of management of the affairs of the temple and its properties and provide better administration and governance therefore in supersession of all previous laws, regulations and arrangements, having regard to the ancient customs and ..... after adverting to the history of the administration of the temple, it was also held: finally the preamble says that the administration under the superintendent has further deteriorated and a situation has arisen rendering it expedient to reorganize the scheme of management of the affairs of the temple and its properties and provide better administration and governance therefore in supersession of all previous laws, regulations and arrangements, having regard to the ancient customs and ..... the temple act, 1955 was enacted because of serious irregularities in the administration and governance of the temple and its endowments and for reorganizing the scheme of management of the affairs of the temple and its properties. .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR1971SC300; (1970)GLR985; (1969)3SCC813; [1970]2SCR434
..... section 52 of the states reorganization act, 1956, does not say so, and section 57 of that act provides to the contrary.14. ..... by section 49 of the states reorganization act, 1956, it was enacted that the high court exercising immediately before the appointed day, jurisdiction in relation to the existing state of bombay shall, as from the appointed day, be deemed to be the high court for ..... respondent before the high court of saurashtra was triable in the exercise of the appellate jurisdiction of the high court of bombay, after the case stood transferred to that court by virtue of sub-section 3 of section 59 of the states reorganization act, 1956. .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR2005SC3172; 2005(5)ALD123(SC); 2005(5)ALLMR(SC)973; 2005(3)AWC2796(SC); 2005(6)BomCR769; [2005(4)JCR60(SC)]; JT2005(7)SC185; (2006)2MLJ186(SC); (2005)6SCC690; 2005(2)LC1
..... the country has already been reorganized in the year 1956 under the states reorganization act on the basis of language. ..... since reorganization of the states in india has been on linguistic lines, therefore, for the purpose of determining the minority, the unit will be the state and not the whole of india. .....
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