Abatement of SICA proceedings permits companies to refer matters to the NCLT under the IBC within a prescribed period. The amendment causes abatement of appeals, references and inquiries pending under the Sick Industrial Companies (Special Provisions) Act, 1985 and permits companies whose matters abate to refer those matters to the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016 within a prescribed period without payment of fees; it also deems certain schemes under section 18 of the 1985 Act to be approved resolution plans under section 31(1) of the Insolvency and Bankruptcy Code and permits limited appeals against such deemed plans to the appellate forum where the statutory appeal period had not expired.