https://www.taxtmi.com/caselaws?id=104700 A reference under the Sick Industrial Companies (Special Provisions) Act was registered and a call for additional information was issued, so inquiry under section 16(1) was deemed to have commenced and the section 22 bar became operative. Once that statutory protection applied, the respondent could not invoke section 29 of the State Financial Corporations Act to recover or take over the unit without BIFR consent. The Court also held that the question whether the company was actually sick lay within the BIFR's domain and would not be examined in this proceeding. The takeover notice and action under section 29 were quashed, and possession of the unit had to be restored. en-us Wed, 29 Mar 2000 00:00:00 +0530 Thu, 01 Mar 2012 10:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104700 A reference under the Sick Industrial Companies (Special Provisions) Act was registered and a call for additional information was issued, so inquiry under section 16(1) was deemed to have commenced and the section 22 bar became operative. Once that statutory protection applied, the respondent could not invoke section 29 of the State Financial Corporations Act to recover or take over the unit without BIFR consent. The Court also held that the question whether the company was actually sick lay within the BIFR's domain and would not be examined in this proceeding. The takeover notice and action under section 29 were quashed, and possession of the unit had to be restored. Case-Laws Companies Law Wed, 29 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104700