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.