2002 (7) TMI 732

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..... Avinash Mishra for the Respondent. JUDGMENT 1. Heard Sri S.C. Tripathi for petitioners, Sri Avinash Mishra for respon-dent No.1 and learned Standing Counsel. 2. Petitioners are challenging the impugned recovery and one of the grounds taken by the petitioner who are guarantors of the loan is that the petitioners are entitled to the benefit of section 22 of the Sick Industrial Companies (Special .....

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..... protection to the poor and weak people, but the Sick Industrial Companies (Special Provisions) Act, 1985 does just the reverse by giving protection to the rich in respect of recoveries against them, while no such protection is available to the poor people in respect of recoveries against them. This is prima facie in our opinion highly discriminatory against the poor people of the country. 5. Lear .....

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