1995 (11) TMI 350

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.... JUDGMENT V.K. Singhal, J. - Both the aforeaid applications are being disposed of by this common order. An application under section 446(2) of the Companies Act has been made by RFC and RIICO to remain outside the liquidation proceedings. In this matter a reference was received from the Board for Industrial and Financial Reconstruction under section 20 of the Sick Industrial Companies (Special....

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....on as far as matters which could be expeditiously and cheaply decided by the company court are concerned. Learned counsel for the official liquidator has brought to the notice of this court that in SLP (Civil) No. 18199 of 1993 with SLP (Civil) No. 7338 of 1994 the apex court on July 14, 1994, directed that it would be appropriate that the Rajasthan State Financial Corporation should sell the pro....