https://www.taxtmi.com/caselaws?id=338903 Judicial review of a statutory rehabilitation scheme for a sick industrial company is limited: interference is warranted only if the decision is irrational, perverse, discriminatory or made without consideration of relevant material. The Board's task is to assess revival of the company as a whole, not to secure compulsory revival of one unit in isolation. Applying that approach, the exclusion of the Adilabad unit from the rehabilitation scheme was upheld because the scheme was formulated after consideration of feasibility, expert material and the competing interests of the company's units. The challenge failed, the scheme was left undisturbed, and implementation was directed to proceed expeditiously. en-us Tue, 07 Feb 2017 00:00:00 +0530 Tue, 14 Feb 2017 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338903 Judicial review of a statutory rehabilitation scheme for a sick industrial company is limited: interference is warranted only if the decision is irrational, perverse, discriminatory or made without consideration of relevant material. The Board's task is to assess revival of the company as a whole, not to secure compulsory revival of one unit in isolation. Applying that approach, the exclusion of the Adilabad unit from the rehabilitation scheme was upheld because the scheme was formulated after consideration of feasibility, expert material and the competing interests of the company's units. The challenge failed, the scheme was left undisturbed, and implementation was directed to proceed expeditiously. Case-Laws Indian Laws Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338903