https://www.taxtmi.com/caselaws?id=105026 Section 22 of the Sick Industrial Companies Act, 1985 bars further proceedings in a suit for recovery of money against a sick industrial company while BIFR proceedings are pending, unless consent is obtained from the Board or Appellate Authority. Because the suit combined a money-recovery claim with declaratory and injunctive reliefs, the HC stayed the suit pending disposal of the BIFR proceedings. A request for an interim decree under Order XII Rule 6 CPC, said to rest on an admission in the defendant's letter, was also declined at that stage and left for consideration after the BIFR process concludes. en-us Thu, 25 Nov 1999 00:00:00 +0530 Fri, 02 Mar 2012 12:10:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105026 Section 22 of the Sick Industrial Companies Act, 1985 bars further proceedings in a suit for recovery of money against a sick industrial company while BIFR proceedings are pending, unless consent is obtained from the Board or Appellate Authority. Because the suit combined a money-recovery claim with declaratory and injunctive reliefs, the HC stayed the suit pending disposal of the BIFR proceedings. A request for an interim decree under Order XII Rule 6 CPC, said to rest on an admission in the defendant's letter, was also declined at that stage and left for consideration after the BIFR process concludes. Case-Laws Companies Law Thu, 25 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105026