https://www.taxtmi.com/caselaws?id=103963 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was confined to winding up, execution, distress, similar recovery proceedings, and appointment of a receiver against a sick industrial company's property. Objections to an arbitral award under Sections 30 and 33 of the Arbitration Act did not fall within that bar because no execution or recovery stage had begun. The High Court therefore held that the statutory stay was unavailable, and the application for stay was rejected as misconceived. The Supreme Court's interpretation of Section 22(1) was applied as governing the field. en-us Thu, 20 Nov 1997 00:00:00 +0530 Sat, 25 Feb 2012 11:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103963 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was confined to winding up, execution, distress, similar recovery proceedings, and appointment of a receiver against a sick industrial company's property. Objections to an arbitral award under Sections 30 and 33 of the Arbitration Act did not fall within that bar because no execution or recovery stage had begun. The High Court therefore held that the statutory stay was unavailable, and the application for stay was rejected as misconceived. The Supreme Court's interpretation of Section 22(1) was applied as governing the field. Case-Laws Companies Law Thu, 20 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103963