Ajay Raj Shetty vs Director

The Supreme Court examined the legality of the order passed by the High Court dismissing the Criminal Revision Petition related to the management change of a sick industry declared by BIFR. The Court analyzed whether the procedural and substantive aspects of the management change were properly followed. The Court upheld the High Court's decision, emphasizing adherence to statutory procedures under industrial laws. The judgment clarifies the scope of judicial review in industrial management disputes and affirms the authority of BIFR and appellate bodies in such matters.