NAVNIT R. KAMANI & ORS. vs R.R. KAMANI

The Supreme Court upheld the constitutional validity of the Sick Industrial Companies (Special Provisions) Act, 1985, particularly Sections 2 and 18, which allow for the transfer of shares of sick companies to employees for revival purposes. The Court emphasized that the BIFR has the authority to direct such transfers, reinforcing the legislative intent to empower employees in the restructuring of sick units. The Court approved the Workers' Scheme for Kamani Tubes Limited, finding it superior to an alternate scheme proposed by a family member, which lacked a solid foundation.