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J.K. (Bombay) (P) Ltd vs New Kaiser-I-Hind Spg. & Wvg. Co. Ltd. & ... on 22 November, 1968

12. Ms. Sindhwani, ld. Counsel for the OL submits that the association members of TFAA are only claimants before the OL, not allottees, and hence they now cannot claim to receive apartment units. It is further submitted that the powers of the Court in a winding-up petition have been settled way back since 1968 by the Supreme Court in J.K. (Bombay) Pvt. Ltd. v. New Kaiser-I-Hind Spg. & Wvg. Co. Ltd. and Ors., (AIR 1970 SC 1041), where the Supreme Court observed as follows:
Supreme Court of India Cites 20 - Cited by 104 - J M Shelat - Full Document
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