Allahabad Bank VS. Arc Holding Limited & Ors.

Extract

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Allahabad Bank VS. Arc Holding Limited & Ors.

PETITIONER: ALLAHABAD BANK Vs.

RESPONDENT: ARC HOLDING LIMITED & ORS.

DATE OF JUDGMENT: 26/09/2000

BENCH: A.P. Misra & Doraiswamy Raju

JUDGMENT: Misra, J.

Leave granted.

L...I...T.......T.......T.......T.......T.......T.......T..J The appellant-Allahabad bank the decree-holder has raised a question, whether after an order passed in execution proceedings for the sale of plant, machinery and moveable lying at the factory, can the same court later pass an order for sale of the factory of the company as a `going concern'. The submission is, by introducing into the sale of the factory as a `going concern' has in fact,...

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