National Power Transmission Corpn. ... vs Shree Cement Ltd. And Ors.

The Supreme Court, while hearing I.A. Nos. 4 and 5 in disposed of C.A. No. 14420 of 1996, invoked its jurisdiction under Article 142 of the Constitution of India to direct the Company Law Board to dispose of Company Petition No. 3/111/1994 within three months. The Court emphasized the need for expediency in resolving longstanding disputes between Shree Cement Ltd. and Power Grid Corporation, and allowed for potential pro rata payments from the Custodian to expedite claims. The Transferred Case No. 54 of 2003 was dismissed as withdrawn.