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Companies Law - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Applicability of SICA to the 'foreign companies' - the company ...


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

October 21, 2013

Case Laws     Companies Law     SC

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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