https://www.taxtmi.com/caselaws?id=97761 Once a reference by an industrial company is registered before the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985, the inquiry is treated as commenced and Section 22 protection operates to keep recovery action against the company's assets in abeyance until the BIFR reaches a final decision. On that basis, recovery proceedings for the demanded duty and penalties were not to continue, and waiver of deposit was granted with recovery stayed. en-us Wed, 07 Mar 2001 00:00:00 +0530 Wed, 18 Jan 2012 10:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97761 Once a reference by an industrial company is registered before the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985, the inquiry is treated as commenced and Section 22 protection operates to keep recovery action against the company's assets in abeyance until the BIFR reaches a final decision. On that basis, recovery proceedings for the demanded duty and penalties were not to continue, and waiver of deposit was granted with recovery stayed. Case-Laws Central Excise Wed, 07 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97761