Bombay High Court Revives Svadeshi Mills After Two-Decade Liquidation; Approves Grand View Plan Benefiting 2,834 Workers and 48-Acre Sion Redevelopment Under Section 466 Companies Act
Bombay High Court Allows Revival of Svadeshi Mills After 21 Years; Says Workers’ ₹223-Crore Settlement and Redevelopment Plan Serve Public Interest and Commercial Morality Facts Svadeshi Mills Company Limited had been ordered to be wound up on 5 September 2005. More than two decades later, Grand View Estates Pvt. Ltd., together with Forbes & Co.…

