https://www.taxtmi.com/caselaws?id=104803 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, as amended in 1993, was read according to its plain language: a suit for enforcement of any guarantee relating to a loan or advance granted to an industrial company cannot be filed or proceeded with without consent of the Board or appellate authority. The provision was held not to be confined to suits against the sick industrial company itself; it also covers proceedings against a guarantor. The statutory language was treated as clear and unambiguous, and reference to other provisions of the Act did not justify narrowing its express scope. en-us Mon, 24 Jul 2000 00:00:00 +0530 Thu, 04 Jun 2020 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104803 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, as amended in 1993, was read according to its plain language: a suit for enforcement of any guarantee relating to a loan or advance granted to an industrial company cannot be filed or proceeded with without consent of the Board or appellate authority. The provision was held not to be confined to suits against the sick industrial company itself; it also covers proceedings against a guarantor. The statutory language was treated as clear and unambiguous, and reference to other provisions of the Act did not justify narrowing its express scope. Case-Laws Indian Laws Mon, 24 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104803