https://www.taxtmi.com/caselaws?id=190942 An autonomous statutory financial corporation's commercial decision on revival or recovery of dues should not be displaced by judicial directions unless mala fides or legal impermissibility is shown. The Supreme Court noted the company's persistent repayment defaults, pending recovery proceedings, deterioration of the industrial unit, and a rehabilitation plan requiring substantial further investment for only marginal viability. On those facts, the matter fell within commercial judgment, and the High Court was not justified in substituting its own view for that of the corporation. The corporation's decision not to pursue further rehabilitation was therefore sustained. en-us Tue, 22 Nov 1994 00:00:00 +0530 Fri, 10 Mar 2017 16:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190942 An autonomous statutory financial corporation's commercial decision on revival or recovery of dues should not be displaced by judicial directions unless mala fides or legal impermissibility is shown. The Supreme Court noted the company's persistent repayment defaults, pending recovery proceedings, deterioration of the industrial unit, and a rehabilitation plan requiring substantial further investment for only marginal viability. On those facts, the matter fell within commercial judgment, and the High Court was not justified in substituting its own view for that of the corporation. The corporation's decision not to pursue further rehabilitation was therefore sustained. Case-Laws Companies Law Tue, 22 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190942