MADHUSUDAN TIWARI Vs. PROJECT AND DEVELOPMENT INDIA LTD

JUDGEMENT

(1.) THESE writ petitions are by some individuals employed in the Project and Development India Ltd. Sindri and some Unions representing the workmen.

(2.) THE essential challenge in these writ petitions is to the scheme for revival of the company to be examined by the Board for Industrial and Financial Reconstruction (BIFR) Admittedly, the company had invoked the Sick Industrial Companies (Special Provisions) Act, 1985 and it was referred to the BIFR in the year, 1992. With the Central Government approval, certain steps were taken as part of the revival package. The approval of BIFR is still awaited. These writ petitions essentially seek to challenge the mode adopted for proceeding with the scheme before the BIFR.

(3.) THUS , on examining the materials, this Court had found that the scheme which was sought to be implemented, was not vitiated by any bias, justifying interference by this Court.