https://www.taxtmi.com/caselaws?id=106168 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 stays civil and recovery proceedings, including winding up, execution, distress, receivership, and suits for recovery of money, but it does not extend to criminal prosecution under the Penal Code. A prosecution under section 406 of the Indian Penal Code for alleged non-payment of collected sales tax is not a recovery proceeding and does not fall within "execution, distress or the like". en-us Thu, 03 Dec 1998 00:00:00 +0530 Mon, 12 Mar 2012 18:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106168 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 stays civil and recovery proceedings, including winding up, execution, distress, receivership, and suits for recovery of money, but it does not extend to criminal prosecution under the Penal Code. A prosecution under section 406 of the Indian Penal Code for alleged non-payment of collected sales tax is not a recovery proceeding and does not fall within "execution, distress or the like". Case-Laws Companies Law Thu, 03 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106168