https://www.taxtmi.com/caselaws?id=110302 A workers' union's writ challenge to a sale deed executed under a rehabilitation process was held to be an unsuitable route for bare declaratory relief, because the dispute targeted the sale transaction itself and the proper remedy lay in civil proceedings. The sale of the company's surplus assets, including the Ambattur property, was also treated as protected where the rehabilitation scheme and later orders authorised the Asset Sales Committee to fix reserve price, accept bids and complete sales, and the repeal of the sick industrial companies legislation did not invalidate acts already done under the earlier authorisations and saving provision. en-us Tue, 21 Dec 2004 00:00:00 +0530 Mon, 16 Apr 2012 11:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110302 A workers' union's writ challenge to a sale deed executed under a rehabilitation process was held to be an unsuitable route for bare declaratory relief, because the dispute targeted the sale transaction itself and the proper remedy lay in civil proceedings. The sale of the company's surplus assets, including the Ambattur property, was also treated as protected where the rehabilitation scheme and later orders authorised the Asset Sales Committee to fix reserve price, accept bids and complete sales, and the repeal of the sick industrial companies legislation did not invalidate acts already done under the earlier authorisations and saving provision. Case-Laws Companies Law Tue, 21 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110302