2002 (2) TMI 1236

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..... nancial Reconstruction under section 20(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 recorded on 13-11-2001 to wind up the company. The opinion was forwarded on 29-11-2001 and was received by the Court on 13-12-2001. 2. On 21-1-2002, the notices were ordered to be issued to the respondent-company and Bank of Baroda to show cause as to why the company may not be wound up unde .....

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..... akhs to Bank of Baroda without any revival scheme. In the circumstances, the Board formed a prima facie opinion to wind up the company and directed for issue of a show-cause notice calling for objections/suggestions from interested parties in this regard. On the next date fixed, the Bank of Baroda informed that there has been no progress and there is no scope of revival of the company and, thus, t .....

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