https://www.taxtmi.com/caselaws?id=101702 A winding-up petition under the Companies Act was barred once an inquiry had commenced under section 16 of the Sick Industrial Companies (Special Provisions) Act, 1985, because section 22(1) prohibited continuation of such proceedings without the Board for Industrial and Financial Reconstruction's consent. As no consent was produced, the statutory suspension applied and the petition was not maintainable. The court therefore upheld dismissal of the winding-up petition. en-us Wed, 27 Sep 1989 00:00:00 +0530 Fri, 10 Feb 2012 17:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101702 A winding-up petition under the Companies Act was barred once an inquiry had commenced under section 16 of the Sick Industrial Companies (Special Provisions) Act, 1985, because section 22(1) prohibited continuation of such proceedings without the Board for Industrial and Financial Reconstruction's consent. As no consent was produced, the statutory suspension applied and the petition was not maintainable. The court therefore upheld dismissal of the winding-up petition. Case-Laws Companies Law Wed, 27 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101702