Court Halts Liquidation Proceedings to Prevent Unjust Gains, Upholds Restitution Principle for Fairness and Justice.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Termination of liquidation proceedings - Recovery of dues - No one should be allowed to use the judicial process for earning undeserved gains or unjust profits. The object and true meaning of the concept of restitution cannot be achieved unless the courts adopt a pragmatic approach in dealing with the cases.....