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1995 (4) TMI 314 - SC - Companies Law

The Supreme Court dismissed the special leave petition challenging the constitutional validity of sub-section (2) of Section 20 of the Sick Industrial Companies (Special Provisions) Act, 1985. The High Court's view was upheld, stating that the High Court must consider the Board's opinion but still retains the authority to decide on the company's winding up. Delay was condoned.

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