https://www.taxtmi.com/caselaws?id=304209 A context-sensitive, inclusive reading of the term "company" under the sick industrial undertaking regime supports coverage of a foreign company carrying on industrial activity in India and registered for business purposes, because the statute's protective object extends to workers and creditors of the Indian undertaking. On that construction, BIFR jurisdiction was available. The article also notes that writ challengers without an enforceable basis, or who earlier invoked and benefited from the same process before taking a contrary stand, lacked maintainable locus and their challenge was treated as an abuse of process. en-us Fri, 19 Oct 2012 00:00:00 +0530 Tue, 13 Sep 2022 19:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304209 A context-sensitive, inclusive reading of the term "company" under the sick industrial undertaking regime supports coverage of a foreign company carrying on industrial activity in India and registered for business purposes, because the statute's protective object extends to workers and creditors of the Indian undertaking. On that construction, BIFR jurisdiction was available. The article also notes that writ challengers without an enforceable basis, or who earlier invoked and benefited from the same process before taking a contrary stand, lacked maintainable locus and their challenge was treated as an abuse of process. Case-Laws Companies Law Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304209