01/11/2017

Eighth Schedule to the Code is in exercise of powers u/s 242 & Section 252 & is thus not ultra vires- Ashapura Minechem Ltd. Vs. Union of India & Ors.- Delhi High Court

(i) the classification of cases where draft schemes for reconstruction have been sanctioned and those cases where schemes are pending is nondiscriminatory and is based on intelligible differentia as also has nexus to the object sought to be achieved by enacting the Code;
(ii) the inclusion of the Eighth Schedule to the Code is in exercise of powers under Section 242 and Section 252 and is thus not ultra vires;
(iii) the prescribing of a cut-off date by way of notifications i.e. 1st December, 2016 is not contrary to law.

Eighth Schedule to the Code is in exercise of powers u/s 242 & Section 252 & is thus not ultra vires- Ashapura Minechem Ltd. Vs. Union of India & Ors.- Delhi High Court Read Post »

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