https://www.taxtmi.com/caselaws?id=104664 Section 22 of SICA bars winding-up, execution, distress and recovery proceedings against a sick industrial company, but it does not extend to criminal prosecution for cheque dishonour under section 138 of the Negotiable Instruments Act. The offence under section 138 is complete on dishonour and failure to pay after statutory notice, and section 141 continues liability against persons in charge of the company. Section 22A may affect the position only on the specific facts of a case, but it does not create a general bar to institution or continuation of section 138 proceedings or justify quashing them at the threshold. en-us Wed, 23 Feb 2000 00:00:00 +0530 Fri, 06 Jun 2014 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104664 Section 22 of SICA bars winding-up, execution, distress and recovery proceedings against a sick industrial company, but it does not extend to criminal prosecution for cheque dishonour under section 138 of the Negotiable Instruments Act. The offence under section 138 is complete on dishonour and failure to pay after statutory notice, and section 141 continues liability against persons in charge of the company. Section 22A may affect the position only on the specific facts of a case, but it does not create a general bar to institution or continuation of section 138 proceedings or justify quashing them at the threshold. Case-Laws Companies Law Wed, 23 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104664