https://www.taxtmi.com/caselaws?id=102401 The Sick Industrial Companies (Special Provisions) Act, 1985 was treated as a special, later statute governing detection, revival and rehabilitation of sick industrial companies, and its non obstante clauses in sections 22(1) and 32(1) were held to prevail over the general winding-up and distribution regime under the Companies Act, 1956, including section 529A. Pending winding-up proceedings were held not to abate on initiation of inquiry, scheme or appeal proceedings under the special Act; they are only stayed during the statutory process and may be revived or continued with permission after that process concludes. en-us Thu, 09 Sep 1993 00:00:00 +0530 Tue, 14 Feb 2012 17:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102401 The Sick Industrial Companies (Special Provisions) Act, 1985 was treated as a special, later statute governing detection, revival and rehabilitation of sick industrial companies, and its non obstante clauses in sections 22(1) and 32(1) were held to prevail over the general winding-up and distribution regime under the Companies Act, 1956, including section 529A. Pending winding-up proceedings were held not to abate on initiation of inquiry, scheme or appeal proceedings under the special Act; they are only stayed during the statutory process and may be revived or continued with permission after that process concludes. Case-Laws Companies Law Thu, 09 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102401