{"id":11489,"date":"2009-12-11T00:00:00","date_gmt":"2009-12-10T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009"},"modified":"2014-08-19T17:42:50","modified_gmt":"2014-08-19T12:12:50","slug":"fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009","title":{"rendered":"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009<\/div>\n
Author: Ram Mohan Reddy<\/div>\n
 \n\nIN THE HIGH COURT OF KARNATAKA AT BAN\n\nDATED THIS THE 11TH DAY OF 9EcEMBER';%\u00a2\u00bb\u00e9\u00a2%\u20ac39'%' \n\nBEFORE\nTHE HON'BLE MR. JUSTICE;'f\u00a7A\u00a7J 'r.qO_}i;\u00a71fq:_iRE\u00a7I3.:\u00a7Y. \n\nCOMPANY PETITION Nd;  OE.'\u00a7':OO9: :\nC\/W COMPANY PETIEIQK N0. _111 QF'*v2'6e9\n\nCOP 112\/09\n\nBETWEEN:\nFABRITEX EXPORTS :9I\u00a31VA\u00a5:ir: LIMITED \n\nSURVEY NO.  ILQEIONGASANDRA 'VILLAGE\nBEGUR HOI3LI.{7%'V*_\"1.1\u00a7.\/II'LE}._A_ \"  \" V\n\nHOSUR R0AD;,_ 'BANGALORE: 4.68;';   PETITIONER\n(BY   Fo}{'\"sPJ LEGAL)\nAND: C V I C 2\n\nN1L.__      ...RESPONDENT<\/pre>\n
 –  _ {B33E3Rg\u00a7A3HoK”‘N’FA11L, CGL FOR ROC)
\nC {BY SR1. .DEEPAK & V JAYARAM. FOR 01,}<\/p>\n
.  ‘1*i\u00a7Is”1pi\u00e9;-1i*17oN FILED UNDER SECTiON 39} TO 394
\nOF THE C()_NiiPANIES ACT, PRAYING TO SANCTION THE
\nSCHEME’, A1\\INmA HERETO, so AS TO BE BINDING ON THE<\/p>\n
 TRANSFEROR COMPANY 1, THE TRANSFEROR COMPANY 2
\n” \u00bb .  V C’ AND  TRANSFEREE COMPANY AND THEIR
\n* RESPECTIVE SHAREHOLDERS; AND ETC.<\/p>\n
COP I11\/O9<\/p>\n
INTEGRA APPARELS AN D TEXTILES
\nLIMITED<\/p>\n
KRISHNA REDDY INDUSTRIAL AREA
\nKUDLU GATE, 7’11″‘ MILE<\/p>\n
HOSUR ROAD<\/p>\n
BANGALORE W 68, KARNATAKA.  PEf;I’iE’:iITION,’_jSO AS TO BE BINDING
\nON THE TRAI$ISF;EROR”.cOMPAN3rV ‘1,’””I”HE TRANSFEROR
\nCOMPANY 2;  ‘H*f;=3__ TRELNSEEREE COMPANY AND THEIR
\nRESPECTIVE.,SHA:REHOLDAERS&;  ETC.<\/p>\n
 PETmNONS;SS.%%’OOM1NG ON FOR ORDERS.
\nTHIS DAY THE COSRT MADE THE FOLLOWING:<\/p>\n
 _ . . . .\n<\/p>\n
  ‘V 4fw:O_j..petitiOnS are for Sanction Of the Same<\/p>\n
SC}f1fi\u00a7\u00a5VI}\u20ac’.~O.f’::k’LfI;1211gaH1atiOH. Hence both petitions are<\/p>\n
 “”*, ‘c1I1bbeI:i-Eiogether, finally head and are disposed Of by<\/p>\n
 _ thiS.c.OmmOn OI”deI’.}d\\ ‘<\/p>\n
The petitioner in COP 112\/2009 (for short<\/p>\n
‘transferor company No.2’), is a company incorp~Qf:d.ted<\/p>\n
on 19.7.1993 under the Companies Act,   9-<\/p>\n
‘Act’, having its registered office at \u00bbth.e4adc’iiie’sis”i 99 it<\/p>\n
the cause title. The main objeCts..’_AofV <\/p>\n
company No.2 is manufactui’e__;’irnpofi,.__e:>q3ort ixthoiesaie 9′<\/p>\n
and retail dealers in ,~’ga1’1T1\u20ac\ufb02t3:VfOi;”‘~.I1’1\u20acIl4″\\rVO1Tit31’l and
\nchildren, amongst otheeobjexetis,  out in the<\/p>\n
Memorandum  9 of A.ssofoiatio\u00a71’i; Annexure-B.<\/p>\n
2,””TheA:}7;uth\u00e93i’ised;’shafe'”Capital of the transferor
\ncompaiiy 9 No.2′: *11i;;.%e%iiae;t7 ;5o,0o,0oo\/– divided into<\/p>\n
75,OO,_QO0\/9–a”~ieejuity eiiai-ee of Rs.10\/– each, while the<\/p>\n
  SuAbsc1″”ibeci”V and paid up capital is<\/p>\n
 divided into 2e,59,ooo\/- equity<\/p>\n
Shares of-\/– each fully paid up.<\/p>\n
tits’<\/p>\n
. d  A.\n<\/p>\n
4<\/span><\/p>\n
3. The Balance sheet made upto 31.8.2008
\nAnnexure–C duly certi\ufb01ed by auditors of the transferor<\/p>\n
company No.2, discloses its assets and 1iabi1ities.’lThe<\/p>\n
Board of Directors of the transferor company No~.–L.” <\/p>\n
meeting held on 19.11.2008 approved the’?  d <\/p>\n
Scheme of Amalgamation <\/p>\n
transferor company No.2 and-..__M\/Pranit
\nPrivate Limited (transferor cornpaiiy  company
\nincorporated under thefict,”._ha\u00a7rivn’g_’its’*registered office<\/p>\n
at New Delhi aret’propose’d–to  with M \/ s<\/p>\n
integra  H Ap’pa}reIs: :31;   Limited (transferee
\ncompany] in  a company incorporated<\/p>\n
under. the Act.,v_V’i1aiVing_its'”registered of\ufb01ce in the State of<\/p>\n
   transferor company No.2 and the<\/p>\n
 ‘transferee company have similar objects and business.<\/p>\n
 t..’TVran.sferor company No.2 made an application in CA<\/p>\n
 .\u00bbNo.599\/09 to dispense with the meetings of the<\/p>\n
M<\/p>\n
shareholders and creditors. The shareholders and
\ncreditors of transferor company No.2 extended their’. <\/p>\n
consent for the Scheme of Amalgamation as is evid.e:n”t’  <\/p>\n
from the order dt. 31.722009 in ch 4 \u00ab
\nTransferor company No.2 is said to be the    ‘T
\ntransferor company No.1 and  the
\ncompany is the hoiding company  <\/p>\n
No.2.\n<\/p>\n
5. The petit.’ioner company
\ninc0rpf)r’atedT:  the Act with the
\nRegistrsir  eitjithehstate of Karnataka, under
\nthe   V”*Iu”r1tegra Apparels and Textiles<\/p>\n
‘TV.\u00b0’Priydtei..c”t,imited’V’H\u00e9ir1Ci’changed to ‘Integra Apparels and
\n  as approved by the authorities under<\/p>\n
 ~  <\/p>\n
T’    6. The main objects of the transferee company is<\/p>\n
 ~~-to carry on business of manufacturing, importing,<\/p>\n
i<\/p>\n
7<\/span><\/p>\n
No.2 are proposed to be amalgamated (merged) with the<\/p>\n
transferee company. The objects of the tra_:nsAi’e.ror<\/p>\n
company No.1 are not similar to the  <\/p>\n
transferee company though the_;ob};ects.’oftrarzsferor\u00e9u ‘ <\/p>\n
Company No.2 are similar to:”1\u00abtha_t”‘of <\/p>\n
company. The Transferee Vcov1ai1.pany”rr;ade an ‘applicjation’ ‘<\/p>\n
in CA No.598\/09 to…d1spense”L_:ivi’th_ thetdmeeting of its
\nshareholders and  Scheme of
\nAmalgamationgx   by order dt.\n<\/p>\n
31.7.2009′    the shareholders and
\ncreditors’  comjpany did not have any
\nobjection to  Arnalgamation.\n<\/p>\n
*9,’ a’Fhe”‘1transi”eror company No.2 and the<\/p>\n
 tragnsfereedt “company have presented these petitions<\/p>\n
A   of the Scheme of Amalgamation.\n<\/p>\n
it xivierriorandum and Articles of Association of the<\/p>\n
Z Clause B[14) and Clause B[15) of the<\/p>\n
M<\/p>\n
8<\/span>
\ntransferee company and transferor company No.2,<\/p>\n
respectively, provide for amalgarnation.<\/p>\n
11. The petitions were  <\/p>\n
ordered on the Regional Director for._C..ompa’r1y Affairs,<\/p>\n
Chennai, as well as the OpfficiaiV\u00e9hiouidatonin <\/p>\n
transferor company No.2. ifxtidgidthe request  theWOfficia1V<\/p>\n
Liquidator, the  Arun Kumar and
\nCompany, Chartered investigated into<\/p>\n
the affairs?__’\u00a5’of,e,\u00bbe:. -cordnparly No.2 and<\/p>\n
submxttedfa; re’:1i3jort,”‘–.V,Af1*he ‘Official Liquitator filed cm<\/p>\n
41 U  the affairs of the transferor<\/p>\n
company'”‘~No.2_’;.are not Conducted in any manner<\/p>\n
  pre’j’ud-i.cia1. to the”‘interest of the public, shareholders or<\/p>\n
C _ the’   “_’_.\n<\/p>\n
”  The Regional Director of Company Affairs,<\/p>\n
  through the Registrar of Companies in<\/p>\n
1%<\/p>\n
9<\/span><\/p>\n
Karnataka, by name B.N.Har1’sh filed an affidavit dt.<\/p>\n
31. 10.2009 stating thus:–\n<\/p>\n
“para 6.} {iv} of the Scheme shou1d.\u00a7}ae’i}4′ *’ <\/p>\n
compliance with AS-14 of the  _
\n(Accounting Standard) Rules  _:.   <\/p>\n
company have to follow either 1’piooling_ <\/p>\n
interest method or purchase method as athejjcase
\nmay be as laid down in
\ntreatment furnished in’ the ‘Sehenae
\nshould be in V aoeordanepeivh  pompanies
\n(Accounting Standard}  1 ._ <\/p>\n
13. To \u00a7the__s’aid{Q1qieotio’ris;0t’_enei\u00a7?..l{rishna Kumar,<\/p>\n
Director of  an affidavit dt.\n<\/p>\n
2.11.2009  l  transferee company
\nundertakes’to_ coi*rl\u00a7\u00a7ly”i7sritl*s. A844 of the Companies<\/p>\n
   2006, upon the Scheme of<\/p>\n
1  Amalganiiation\u00e9 :ben_coArn.ing effective.<\/p>\n
 The material on record discloses that the<\/p>\n
 ‘eompany No.2 and the transferee company<\/p>\n
HR”wl.v_are’..:’su’bsidiary and holding companies, respectively.<\/p>\n
M<\/p>\n
10<\/span><\/p>\n
The Board of Directors of the Companies have opined<\/p>\n
that the merger of the transferor company No.2 <\/p>\n
transferee company would be beneficial  _<\/p>\n
to operate as a single unit insteadmof different’_’11nits* ancl ”<\/p>\n
since the transferee companylis ‘coizsistent :”pro\ufb01_t<\/p>\n
making company, seeks t-ip’proval’v- of S_ch\u20ac.nie <\/p>\n
Arrangement AnneXure–A. VAItxjappearsf.tl*rat_i11f%order to
\nhave synergy of  _ administrative
\noverheads, the i   to amalgarnate
\ninto one     can avail the
\n It is also said that
\nthe  arnalgarnated company would<\/p>\n
be considerabl’. enhanced. In View of these advanta es,<\/p>\n
 V’  . it  that t\ufb01efscheme of Amalgamation, Annexure–A<\/p>\n
   only to the shareholders but also to the<\/p>\n
 transferor company No.2 and the transferee<\/p>\n
creditors of, the companies.\n<\/p>\n
A’   The material on record further discloses that<\/p>\n
twl<\/p>\n
11<\/span><\/p>\n
company have complied with Section 391 of the Act.<\/p>\n
The Shareholders and the creditors of the petitioner<\/p>\n
have approved the scheme of Amalgamation; _<\/p>\n
A. Hence I am of the considered View that tile ‘_tra1<1s'feror " "<\/p>\n
company No.2 and the transferee: <\/p>\n
complied with Section 391(2)'-..of the. iTlhe_'vaudi:torls <\/p>\n
report insofar as transferor cornpany  concerned
\nclearly discloses that   :.3lf"'tlfiie':sa.id company are
\nnot conducted _ii1__a manner; ;\u00a7rej;1ed:esaifdy'tel the interest of
\nthe shareh.old'verslj:\u00e9o1\u00a7 the creditors; _ <\/p>\n
 ' l  pulalication of hearing of these<\/p>\n
petitions,lll'I1one  shareholders, creditors, employees<\/p>\n
  or  person's\u00abh.ave appeared before court to oppose<\/p>\n
 the  Amalgamation. The report of the Official<\/p>\n
Q ' .__Scheme of V-Amalgamation.<\/p>\n
Liq1iidatortijs_ that he has no objection for sanction of the<\/p>\n
M<\/p>\n
12<\/span><\/p>\n
17. As regards the objections raised by the
\nRegional Director, Company Affairs, Chennai, the<\/p>\n
Director of the transferee Company has underte_:’en~._to<\/p>\n
comply with the objection, on the  <\/p>\n
effective.   y<\/p>\n
18. The terms of tileejislcheins;o\u00a3nVA:;a’;11gaxrlat:onivri<\/p>\n
indicate that with effect fi.’OI1’1:.. date,..Vvall debts,
\nliabilities, dues and Vi  -the transferor<\/p>\n
company No.i2\u00ab.y_ and any: ac’C:5etion”s or additions or<\/p>\n
deletions” thieretoi\ufb01jaftleralt-he appointed date shall without
\nany fni-ther act  or deed stand transferred<\/p>\n
or Vdeemed V”to_}.be’~._\u00bb transferred and vested in the<\/p>\n
.  Traf1s’\u00a3eree_comp’anyV so as to become as and from the<\/p>\n
  ‘date;  liabilities, dues and obligations of the<\/p>\n
T1:g\u00a5nsferee3’..–CVompany.\n<\/p>\n
19. Upon the scheme being sanctioned and<\/p>\n
Vi  V. ._..’becorning finally effective, the Transferee company shall<\/p>\n
M<\/p>\n
13<\/span>
\nCancel all its shares held by it in the subsidiary Viz.,
\ntransferor Company No.2 and no fresh shares <\/p>\n
issued.\n<\/p>\n
All the employees of the_ transfes-joi”  V’<\/p>\n
No.2, in service, on the effect:-Ve”*–date_:,  V<\/p>\n
employees of the Transferee   <\/p>\n
without any break or interruption in service on the”<\/p>\n
terms and conditionsnynot,iessV_:’favonrablle’~th’an those
\nsubsisting with the transferoribom.pari\u00a7,rlN_o.2. As already<\/p>\n
noticed suprapno. employee ‘of”vthev.t1’ffansferor company<\/p>\n
No.2 has ecourt to oppose the Scheme of<\/p>\n
it    the shareholders have unanimously<\/p>\n
ap’pro\\}”e:d’_”_v\u00bbt_h’e;.”E’ieheme of Amalgamation, it is not open<\/p>\n
forlhuthisli to sit in appeal over the valued judgment<\/p>\n
  oftluielequity shareholders who are supposed to be the<\/p>\n
 of worldly, wisdom.\n<\/p>\n
I4<\/p>\n
22. Learned counsel for the petitioners points out<\/p>\n
to the order (it. 9.10.2009 of the High Court <\/p>\n
cop 196\/2009 instituted by the Transferdrddllco\ufb01zptaii\ufb01f’_<\/p>\n
No.1 for sanction of the very\u00bb sam’e’*’ ”<\/p>\n
Amalgamation proposing to mergegfwithltrthe jltranistfef\u00e9ee<\/p>\n
company, to contend that’t_h’e_ Courthas thewt”<\/p>\n
Scheme of Amalgamation.\n<\/p>\n
23. In 4{,:f1f?_’   ijlietitioners have
\nmade out   the Scheme of
\n  “Hence the following:\n<\/p>\n
  of Amalgamation, Annexure\u00bb–A,
\nH 0 00 prloposvedwtry the con1panies–petitioners herein, is
\n hereby sanctioned and binding on the petitioner\u00bb<\/p>\n
.0 ” corripanies, its shareholders and creditors<\/p>\n
0 ‘jsifbiect to the transferee company complying<\/p>\n
” iivith the Accounting Procedure laid down in AS~<\/p>\n
14 of the Companies (Accounting Standard)<\/p>\n
Rules 2006.\n<\/p>\n
lurk<\/p>\n
15<\/span><\/p>\n
ii) Transferor company No.2 shall stand dissolved<\/p>\n
without there being an order of winding <\/p>\n
iii) Office is directed to draw up a deefee<\/p>\n
No.42.\n<\/p>\n
iv] Petitioners are direetedAAltO”ser};e .3 <\/p>\n
order on the Registrarzhf   <\/p>\n
of Karnataka within__.30 <\/p>\n
  iuDGh <\/p>\n
1:1.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009 Author: Ram Mohan Reddy IN THE HIGH COURT OF KARNATAKA AT BAN DATED THIS THE 11TH DAY OF 9EcEMBER’;%\u00a2\u00bb\u00e9\u00a2%\u20ac39’%’ BEFORE THE HON’BLE MR. JUSTICE;’f\u00a7A\u00a7J ‘r.qO_}i;\u00a71fq:_iRE\u00a7I3.:\u00a7Y. COMPANY PETITION Nd; OE.’\u00a7’:OO9: : C\/W COMPANY PETIEIQK N0. _111 QF’*v2’6e9 COP 112\/09 BETWEEN: FABRITEX EXPORTS :9I\u00a31VA\u00a5:ir: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-11489","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nFabritex Exports Pvt Ltd vs Nil on 11 December, 2009 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009 - Free Judgements of Supreme Court & High Court | Legal India\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009\" \/>\n<meta property=\"og:site_name\" content=\"Free Judgements of Supreme Court & High Court | Legal India\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2009-12-10T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-08-19T12:12:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@legaliadmin\" \/>\n<meta name=\"twitter:site\" content=\"@Legal_india\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009\",\"datePublished\":\"2009-12-10T18:30:00+00:00\",\"dateModified\":\"2014-08-19T12:12:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009\"},\"wordCount\":1584,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"articleSection\":[\"High Court\",\"Karnataka High Court\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009\",\"name\":\"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009 - Free Judgements of Supreme Court & High Court | Legal India\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\"},\"datePublished\":\"2009-12-10T18:30:00+00:00\",\"dateModified\":\"2014-08-19T12:12:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"name\":\"Free Judgements of Supreme Court & High Court | Legal India\",\"description\":\"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"alternateName\":\"Free judgements of Supreme Court & High Court of India | Legal India\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\",\"name\":\"Judgements of Supreme Court & High Court | Legal India\",\"alternateName\":\"Legal India\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"width\":512,\"height\":512,\"caption\":\"Judgements of Supreme Court & High Court | Legal India\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009 - Free Judgements of Supreme Court & High Court | Legal India","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009","og_locale":"en_US","og_type":"article","og_title":"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009 - Free Judgements of Supreme Court & High Court | Legal India","og_url":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009","og_site_name":"Free Judgements of Supreme Court & High Court | Legal India","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2009-12-10T18:30:00+00:00","article_modified_time":"2014-08-19T12:12:50+00:00","og_image":[{"width":512,"height":512,"url":"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_card":"summary_large_image","twitter_creator":"@legaliadmin","twitter_site":"@Legal_india","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009","datePublished":"2009-12-10T18:30:00+00:00","dateModified":"2014-08-19T12:12:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009"},"wordCount":1584,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"articleSection":["High Court","Karnataka High Court"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009","url":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009","name":"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009 - Free Judgements of Supreme Court & High Court | Legal India","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/#website"},"datePublished":"2009-12-10T18:30:00+00:00","dateModified":"2014-08-19T12:12:50+00:00","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/judgments\/fabritex-exports-pvt-ltd-vs-nil-on-11-december-2009#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/judgments\/"},{"@type":"ListItem","position":2,"name":"Fabritex Exports Pvt Ltd vs Nil on 11 December, 2009"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/judgments\/#website","url":"https:\/\/www.legalindia.com\/judgments\/","name":"Free Judgements of Supreme Court & High Court | Legal India","description":"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.","publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"alternateName":"Free judgements of Supreme Court & High Court of India | Legal India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/judgments\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/judgments\/#organization","name":"Judgements of Supreme Court & High Court | Legal India","alternateName":"Legal India","url":"https:\/\/www.legalindia.com\/judgments\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/","url":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","contentUrl":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","width":512,"height":512,"caption":"Judgements of Supreme Court & High Court | Legal India"},"image":{"@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/judgments\/author\/legal-india-admin"}]}},"modified_by":null,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/11489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/comments?post=11489"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/11489\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/media?parent=11489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/categories?post=11489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/tags?post=11489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}