https://www.taxtmi.com/caselaws?id=102307 Registration of a company's reference under the Sick Industrial Companies (Special Provisions) Act, 1985 was treated as the stage at which inquiry under section 16 became pending. The Court reasoned that once the Board registered the reference after consideration, the statutory inquiry was underway even if no fixed date for further proceedings had been set. As section 22 applies when an inquiry is pending, the bar against further winding up proceedings operated and those proceedings had to remain stayed. The decision treats the section 22 restraint as mandatory once the section 16 inquiry stage is reached. en-us Wed, 28 Apr 1993 00:00:00 +0530 Tue, 14 Feb 2012 13:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102307 Registration of a company's reference under the Sick Industrial Companies (Special Provisions) Act, 1985 was treated as the stage at which inquiry under section 16 became pending. The Court reasoned that once the Board registered the reference after consideration, the statutory inquiry was underway even if no fixed date for further proceedings had been set. As section 22 applies when an inquiry is pending, the bar against further winding up proceedings operated and those proceedings had to remain stayed. The decision treats the section 22 restraint as mandatory once the section 16 inquiry stage is reached. Case-Laws Companies Law Wed, 28 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102307