https://www.taxtmi.com/caselaws?id=102458 Commencement of proceedings under the Sick Industrial Companies (Special Provisions) Act, 1985 did not by itself abate a winding up petition under section 434 of the Companies Act, 1956. The Court treated the sick company process and the declaration under section 3(1)(o) as a reason to hold the winding up matter in abeyance, directing that it should not proceed further at that stage and that the record be consigned. The petitioner was left free to seek appropriate orders before the Board for Industrial and Financial Reconstruction and to seek revival of the winding up petition after completion of the sick company proceedings. en-us Mon, 04 Apr 1994 00:00:00 +0530 Tue, 14 Feb 2012 18:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102458 Commencement of proceedings under the Sick Industrial Companies (Special Provisions) Act, 1985 did not by itself abate a winding up petition under section 434 of the Companies Act, 1956. The Court treated the sick company process and the declaration under section 3(1)(o) as a reason to hold the winding up matter in abeyance, directing that it should not proceed further at that stage and that the record be consigned. The petitioner was left free to seek appropriate orders before the Board for Industrial and Financial Reconstruction and to seek revival of the winding up petition after completion of the sick company proceedings. Case-Laws Companies Law Mon, 04 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102458