BALASAHEB KESHAWRAO BHAPKAR & ORS.versusSECURITIES AND EXCHANGE BOARD OF INDIA & ORS.
Case No.: WRIT PETITION (CRIMINAL) No. 546/2023
Decision Date: 15-07-2024
Disposal: Directions issued
Neutral Citation: 2024INSC525

SURYA KANT*, K.V. VISWANATHAN Issue for Consideration Whether the facts of the case necessitated constitution of a High Powered Sale Committee, under Article 142 of the Constitution, to auction the immovable assets of the companies to satisfy the investors’ claims and liquidate all other Companies. Headnotes† Constitution of India – Art.142 – Invocation of Art.142 for constitution of a High-Powered Sale Committee chaired by a former judge of the Supreme Court of India – Committee tasked with the responsibility of liquidating the assets to generate funds to 

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