https://www.taxtmi.com/caselaws?id=103167 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was held to protect only pending winding up proceedings before a final winding up order. Once a company had already been ordered to be wound up, the winding up process was treated as complete and the company fell under the liquidation regime of the Companies Act, 1956. BIFR could deal with a sick company at the pre-winding-up stage, but had no jurisdiction over a company already in liquidation. The stay application therefore failed and the appeal was dismissed. en-us Wed, 20 Jan 1993 00:00:00 +0530 Tue, 21 Feb 2012 12:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103167 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was held to protect only pending winding up proceedings before a final winding up order. Once a company had already been ordered to be wound up, the winding up process was treated as complete and the company fell under the liquidation regime of the Companies Act, 1956. BIFR could deal with a sick company at the pre-winding-up stage, but had no jurisdiction over a company already in liquidation. The stay application therefore failed and the appeal was dismissed. Case-Laws Companies Law Wed, 20 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103167