https://www.taxtmi.com/caselaws?id=106834 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 bars recovery proceedings, including attachment, distress and sale, against the properties of a sick industrial company while proceedings remain pending before the BIFR or appellate authority. Recovery under the Public Demands Recovery Act is treated as a recovery proceeding within that embargo, and the statutory bar is not displaced merely because the underlying liability arose under State co-operative law. Recovery could not proceed without prior consent or approval of the BIFR or AAIFR, although the recovery certificates were not quashed and relief was limited to the extent of the stay. en-us Thu, 18 Oct 2001 00:00:00 +0530 Thu, 15 Mar 2012 18:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106834 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 bars recovery proceedings, including attachment, distress and sale, against the properties of a sick industrial company while proceedings remain pending before the BIFR or appellate authority. Recovery under the Public Demands Recovery Act is treated as a recovery proceeding within that embargo, and the statutory bar is not displaced merely because the underlying liability arose under State co-operative law. Recovery could not proceed without prior consent or approval of the BIFR or AAIFR, although the recovery certificates were not quashed and relief was limited to the extent of the stay. Case-Laws Companies Law Thu, 18 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106834