Industrial Company - Definition - Law Dictionary

Definition :

Industrial company, means a company which owns one or more industrial undertakings. [Sick Indus-trial Companies (Special Provisions) Act, 1985 (10 of 1986), s. 3 (1) (e)]

A company running a cold storage is not an 'indus-trial company' within the meaning of s. 2(7) (c) of the Finance Act (1973), Delhi Cold Storage (P) Ltd.

v. CIT, AIR 1991 SC 2125. [Finance Act, 1973, s. 2(7)(c)]