https://www.taxtmi.com/caselaws?id=103949 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 protects implementation of a sanctioned rehabilitation scheme and does not extend to liabilities outside the scheme. Where the debt arose after the BIFR-sanctioned scheme, statutory protection did not bar proceedings against the company. On that basis, winding up proceedings based on subsequent indebtedness were maintainable, and BIFR consent was not required for their continuation. en-us Thu, 23 Oct 1997 00:00:00 +0530 Sat, 25 Feb 2012 11:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103949 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 protects implementation of a sanctioned rehabilitation scheme and does not extend to liabilities outside the scheme. Where the debt arose after the BIFR-sanctioned scheme, statutory protection did not bar proceedings against the company. On that basis, winding up proceedings based on subsequent indebtedness were maintainable, and BIFR consent was not required for their continuation. Case-Laws Companies Law Thu, 23 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103949