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september 2016

Supreme Court of India · 2016-09-14

M/S. Apj Laboratories Pvt.Ltd vs Union Of India And Ors

Citation / case number
AIRONLINE 2016 SC 698
Court
Supreme Court of India
Petitioner
M/S. Apj Laboratories Pvt.Ltd
Respondent
Union Of India And Ors
Bench
Rohinton Fali Nariman, Kurian Joseph

Judgment text excerpt

The Supreme Court dismissed the writ petition due to the petitioner's failure to comply with the court's earlier order requiring the deposit of 75% of dues as a condition for staying auction proceedings. The court clarified that the dismissal does not preclude the petitioner from seeking a one-time settlement with the bank. The decision emphasizes the importance of adhering to court orders in financial matters.

M/S. Apj Laboratories Pvt.Ltd vs Union Of India And Ors · Niyam