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Appeal Against BIFR Scheme Not Maintainable After Relief Availed | SC

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BIFR scheme

Case Details: Kamani Employees Union vs. Appellate Authority for Industrial and Financial Reconstruction [2025] 180 taxmann.com 543 (SC)

Judiciary and Counsel Details

  • B.V. Nagarathna & R. Mahadevan, JJ.
  • Jawar RajaKarun SharmaMs Aditi SaraswatNitai HindujaMs Rajkumari Divyasana, Advs. & Pukhrambam Ramesh Kumar, Aor for the Appellant.
  • J.P. CamaRauf RahimR. P. BhattJamshed P Cama, Sr. Advs., S.S SyedAli Asghar RahimMohsin RahimMs Tania TamannaMs Bina MadhavanS. Udaya Kumar SagarMs Shruti SharmaAnand Dilip LandgeSiddharth DharmadhikariShrirang B. VarmaMs Nidhi SahayRitansh Kumar NandHimanshu RajS. SukumaranAnand SukumarBhupesh Kumar PathakMrs Ruche AnandS.S SayyidIbad MushtaqRauf RahimMs Akanksha RaiMs Gurmeet KaurSyed Arshad, Advs., Shekhar KumarPranab Kumar MullickAaditya Aniruddha PandeShashank ManishRitesh Kumar ChowdharyMs Meera MathurBrajesh KumarFuzail Ahmad Ayyubi, Aors for the Respondent.

Facts of the Case

In the instant case, the Appellant-Union preferred instant appeal against order of High Court upholding order of Board of Industrial and Financial Reconstruction (BIFR) approving scheme of rehabilitation of Respondent-Company.

Supreme Court Held

The Hon’ble Supreme Court observed that since appellant-Union had availed liberty reserved by High Court and had approached Adjudicating Authority and there was also an award in favour of workers’ Union, question as to whether scheme which was approved by BIFR and AAIFR as well as upheld by High Court would no longer be a question for consideration by Supreme Court.

Therefore, Hon’ble Supreme Court held that the instant appeal was to be disposed of by reserving liberty to appellant to seek all remedies that were available to appellant-Union in terms of impugned order of High Court.

List of Cases Reviewed

  • Order of High Court of Judicature at Bombay in WPC-1707-2007, dated 12-08-2009 (para 4) affirmed.

The post Appeal Against BIFR Scheme Not Maintainable After Relief Availed | SC appeared first on Taxmann Blog.

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