LIC.v. Escorts Ltd, (1986) 1 SCC 264
The action by LIC of issuing a requisition notice for the replacement of nine directors by nominating new Directors is not contrary to the provisions of section 284 of the Companies Act, 1956, nor was it ultra vires and the powers vested with LIC under section 6 of the Life Insurance Corporation was not arbitrary or violative of Article 14 of the Constitution of India.