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october 1989

Supreme Court of India · 1989-10-24

WORKERS OF ROHTAS INDUSTRIES LTD. vs ROHTAS INDUSTRIES LTD.

Citation / case number
SC 1985/66923
Court
Supreme Court of India
Petitioner
WORKERS OF ROHTAS INDUSTRIES LTD.
Respondent
ROHTAS INDUSTRIES LTD.
Author
MISRA RANGNATH
Bench
MISRA RANGNATH

Judgment text excerpt

The Supreme Court directed the revival of Rohtas Industries Ltd. under the Sick Industrial Companies (Special Provisions) Act, 1985, specifically citing Sections 4 and 10. The Court emphasized the urgent need to address the outstanding wages and financial jeopardy faced by approximately 10,000 employees due to the company's closure. It appointed a Rehabilitation Administrator and mandated a one-year moratorium on proceedings against the company to facilitate its revival and protect the interests of creditors and employees.

WORKERS OF ROHTAS INDUSTRIES LTD. vs ROHTAS INDUSTRIES LTD. · Niyam