YASH DEEP TREXIM PRIVATE LIMTED vs NAMOKAR VINIMAY PVT LTD

The Supreme Court ruled that the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) applies to foreign companies registered in India under Section 591 of the Companies Act, 1956. The Court upheld the High Court's decision requiring the implementation of a revival scheme for the Baranagore Jute Factory Plc, emphasizing that the legal question at hand was narrow and did not necessitate addressing broader issues raised by the parties. Consequently, the appeals were dismissed, affirming the applicability of SICA to the respondent company.