Supreme Court of India
Zenith Steel Tubes and Industries Ltd. and Anr. v. Sicom Limited
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From the headnote
J Si ck Industrial Companies (Special Provisions) Act, 1985-s. 22- Expression 'suit' whether includes other proceedings before legal forum-Divergent views of co-ordinate Benches-Matter referred to c larger Bench-State Financial Corporation Act, 1951-s. 31 (I)( aa). The first appellant-Company obtained financial assistance amounting to Rs.1.42 lacs from respondent. It created a security for ' repayment of amount by hypothecating plant and machinery.
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