M/S SHIV COTEX vs TIRGUN AUTO PLAST P.LTD..

The Supreme Court addressed the legality of the takeover of assets by the Punjab Financial Corporation under Section 29 of the State Financial Corporations Act, 1951. The Court held that the plaintiff's failure to present evidence in the trial court warranted the remand of the case for fresh disposal, emphasizing the necessity of a fair opportunity to lead evidence. The judgment of the High Court was set aside, and the matter was remanded to the trial court for further proceedings.