National Thermal Power Corporation ... vs Spectrum Power Generation Ltd. And Ors. on 5 November, 1997
The learned Senior Counsel relied upon the judgment of the Privy Council in British America Nickel Corporation Limited and Others v. M.j. O'Brien Limited and the judgment of the Bombay High Court in Ramkumar Potdar v. Sholapur Spinning & Weaving Co. Ltd., Air 1934 Bombay 427. In my view, the proposition as contended for by the learned senior Counsel would not apply to the situation and I don't want to dilate any further on this aspect. The learned senior Counsel submitted that the Ntpc and the St Usa have not made out any case for injunction or for the appointment of a Receiver.