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Foreign Company Not a "Sick Industrial Company" u/s 3(o) of SICA; Act Inapplicable.

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....Applicability of SICA to the 'foreign companies' - the company can no longer fall within the ambit of the expression “sick industrial company” as defined in Section 3(o) of the Act - applicability of SICA to the respondent company does not arise. - SC....

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