By order dated 26.2.2003 the Writ Petition No.
The BIFR submitted its recommendation for winding up and against the order of BIFR appellant had preferred an appeal before the appellate authority which was rejected on 9.1.1997.
The companypany was declared as sick industry on 17.11.1994 by the Board for Industrial and Financial Reconstruction in short the BIFR where after the companypany has undergone winding up proceedings before the High Court.
19548 of 2005 Dr. ARIJIT PASAYAT, J. Leave granted.
2675 OF 2007 Arising out of SLP C No.
CIVIL APPEAL NO.
Challenge in this appeal is to the order passed by a Division Bench of the Allahabad High Court dismissing the writ petition filed by the appellant.
Accordingly the High Court dismissed the writ petition holding that since that the companypany has been wound up and the proceedings against the guarantor i.e. appellant were perfectly in order.
The companypany had filed a writ petition questioning orders of the BIFR and the appellate authority.
