The case involves a petition filed by I.E.L. Supervisor Association under Section 252 (Eight Schedule) of the Insolvency and Bankruptcy Code, 2016, against Duncan Industries Limited and other respondents. The applicant union representing the employees of Duncan Industries Limited (DIL) claimed that DIL wrongfully approached the BIFR (Board for Industrial and Financial Reconstruction) to be declared sick. The BIFR registered the case and declared DIL a sick industry. The applicant union moved an application before the BIFR to implead them as a necessary party, which was declined. The applicant association challenged the BIFR's finding before the High Court, which disposed of the writ petition directing the applicant union to file an application before the Appellate
…I.E.L. Supervisor Association filed a petition under Section 252 of the Insolvency and Bankruptcy Code, 2016, challenging the BIFR's order and the sanctioned rehabilitation scheme for Duncan Industries Limited (DIL). The applicant union, representing DIL's employees, alleged that DIL wrongfully sought to be declared a sick company. The BIFR registered the case and declared DIL sick. The applicant's attempt to be impleaded as a necessary party was rejected by BIFR. The applicant challenged the BIFR's finding in the High Court, which directed the applicant to file an application before the Appellate Authority (AAIFR). The BIFR sanctioned a Draft Rehabilitation Scheme (DRS). The applicant further moved to the High Court for violation of the order. The applicant requested
…Sign in to view the parties.
Judgment/…
BIFR Order…
The case involves a petition filed by I.E.L. Supervisor Association under Section 252 (Eight Schedule) of the Insolvency and Bankruptcy Code, 2016, against Duncan Industries Limited and other respondents. The applicant union representing the employees of Duncan Industries Limited (DIL) claimed that DIL wrongfully approached the BIFR (Board for Industrial and Financial Reconstruction) to be declared sick. The BIFR registered the case and declared DIL a sick industry. The applicant union moved an application before the BIFR to implead them as a necessary party, which was declined. The applicant association challenged the BIFR's finding before the High Court, which disposed of the writ petition directing the applicant union to file an application before the Appellate
…I.E.L. Supervisor Association filed a petition under Section 252 of the Insolvency and Bankruptcy Code, 2016, challenging the BIFR's order and the sanctioned rehabilitation scheme for Duncan Industries Limited (DIL). The applicant union, representing DIL's employees, alleged that DIL wrongfully sought to be declared a sick company. The BIFR registered the case and declared DIL sick. The applicant's attempt to be impleaded as a necessary party was rejected by BIFR. The applicant challenged the BIFR's finding in the High Court, which directed the applicant to file an application before the Appellate Authority (AAIFR). The BIFR sanctioned a Draft Rehabilitation Scheme (DRS). The applicant further moved to the High Court for violation of the order. The applicant requested
…Judgment/…
BIFR Order…