The provisions of 1996 Act have to be interpreted being uninfluenced by principles underlying under 1940 Act. This observation was laid down in:
1
M.M.T.C. Ltd. v. Sterlite Industries (India) Ltd, AIR 1997 SC 605
2
Sundamm Finace Ltd. v. N.E.P.C. India Ltd., AIR 1999 SC 565.
3
Olympus Super Structures Pvt. Ltd. v. Meemz Vijay Khetan, AIR 1999 SC 2102.
4
Orma Impex Pvt. Ltd. v. Nissuri Arb. Pte. Ltd., AIR 1999 SC 2871.