https://www.taxtmi.com/caselaws?id=196661 Section 19(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 is to be read in its statutory context, so the expression "other authority" is confined by ejusdem generis to entities capable of extending financial assistance for rehabilitation. The wider meaning of "other authority" under Article 12 of the Constitution is not imported. A claim arising only from an ordinary commercial supply transaction, where the unpaid amount is merely the balance sale price for goods supplied, is not financial assistance by way of loans, advances, guarantees, reliefs, concessions or sacrifices. On that reading, no notice or consent under Section 19(2) arises for such a commercial creditor. en-us Fri, 27 May 2011 00:00:00 +0530 Mon, 11 Dec 2017 17:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196661 Section 19(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 is to be read in its statutory context, so the expression "other authority" is confined by ejusdem generis to entities capable of extending financial assistance for rehabilitation. The wider meaning of "other authority" under Article 12 of the Constitution is not imported. A claim arising only from an ordinary commercial supply transaction, where the unpaid amount is merely the balance sale price for goods supplied, is not financial assistance by way of loans, advances, guarantees, reliefs, concessions or sacrifices. On that reading, no notice or consent under Section 19(2) arises for such a commercial creditor. Case-Laws Companies Law Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196661