Partly allowed
Pegasus Assets Reconstruction Pvt. Ltd. (Parpl) v. Board for Industrial and Financial Reconstruction, Govt. of India & Ors.
Delhi HCW.P.(C)/562/2016
Case brief
AI extract
What is this about?
Single-judge bench disposed of two writ petitions. W.P.(C) 562/2016 challenging BIFR proceedings was allowed subject to exceptions regarding stay of disposal, while a second accompanying writ petition was dismissed as infructuous.
What did the court decide?
Writ petition allowed subject to the petitioner abiding by just exceptions; pending objection decided within 3 months of BIFR becoming functional; other petition dismissed as infructuous.