BHARAT BHARI UDYOG NIGAM LTD Vs. JESSOP AND CO LTD

LAWS(CAL)-2003-7-20

HIGH COURT OF CALCUTTA

Decided on July 08,2003

BHARAT BHARI UDYOG NIGAM LTD.,JESSOP AND CO. LTD. STAFF ASSOCIATION Appellant

VERSUS

BOARD FOR INDUSTRIAL AND FINANCIAL RECONSTRUCTION,JESSOP AND CO. LTD. STAFF ASSOCIATION Respondents

Referred Judgements :-

SOUTHERN STRUCTURAL STAFF UNION V. SOUTHERN STRUCTURAL LTD. [REFERRED TO]
BALCO EMPLOYEES' UNION V. UNION OF INDIA [REFERRED TO]
MICA EXPORT PROMOTION COUNCIL V. JONEJA [REFERRED TO]
HIRDAY NARAYAN V. INCOME TAX OFFICER,BAREILLY [REFERRED TO]
PASUPULETI VENKATESWARLU VS. MOTOR AND GENERAL TRADERS [REFERRED TO]
STATE OF HARYANA VS. DES RAJ SANGAR [REFERRED TO]
DEEP CHAND GOBIND RAM ASNANI VS. UNION OF INDIA [REFERRED TO]
RAM NARAIN ARORA VS. ASHA RANI [REFERRED TO]
BANK OF INDIA VS. LAKSHIMANI DASS [REFERRED TO]
HARBANSLAL SAHNIA VS. INDIAN OIL CORPORATION LIMITED [REFERRED TO]

Cited Judgements :-

INDIAN CRAFT VILLAGE TRUST VS. CALCUTTA MUNICIPAL CORPORATION [LAWS(CAL)-2007-7-46] [REFERRED TO]
MANIKUNTALA SARKAR VS. ASIATIC SOCIETY [LAWS(CAL)-2015-6-44] [REFERRED TO]
LAXMI PAT SURANA VS. FUTURE ENTERPRISES LIMITED [LAWS(CAL)-2021-4-40] [REFERRED TO]

JUDGEMENT

Ashok Kumar Mathur, C.J. - (1.)All the above appeals arise against the order passed by a learned Single Judge dated 25 March, 2003. Therefore, they are disposed of by a common order. By the said order, the learned Single Judge has set aside the disinvestment of Jessop & Co. Ltd.
(2.)The appeal being FMA No. 433 of 2003 has been filed by Bharat Bhari Udyog Nigam Ltd.; FMA No. 434 of 2003 by Ruia Cotex Ltd.; FMA No. 435 of 2003 by Jessop & Co. Ltd. Staff Association and FMA No. 436 of 2003 Union of India.
(3.)The basic question involved in all these four appeals is whether disinvestment of 72% equity shares of Government of India in Jessop & Co. Ltd., in favour of Ruia Cotex Limited is justified or not.
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