https://www.taxtmi.com/caselaws?id=106870 Judicial review under Articles 226 and 227 is limited where a specialised appellate authority under SICA has given a reasoned finding on sickness on relevant material. The authority may reappreciate audited accounts and surrounding financial evidence, record its own conclusions, and set aside the BIFR's finding without being bound to remand or appoint a special investigative auditor. Where the record indicates fabrication of accounts, diversion or siphoning of funds, disappearance of stock, and doubtful receivables, the statutory protection is confined to bona fide sick industrial companies and does not extend to a claim of sickness founded on dishonest practices. en-us Wed, 07 Nov 2001 00:00:00 +0530 Fri, 16 Mar 2012 11:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106870 Judicial review under Articles 226 and 227 is limited where a specialised appellate authority under SICA has given a reasoned finding on sickness on relevant material. The authority may reappreciate audited accounts and surrounding financial evidence, record its own conclusions, and set aside the BIFR's finding without being bound to remand or appoint a special investigative auditor. Where the record indicates fabrication of accounts, diversion or siphoning of funds, disappearance of stock, and doubtful receivables, the statutory protection is confined to bona fide sick industrial companies and does not extend to a claim of sickness founded on dishonest practices. Case-Laws Companies Law Wed, 07 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106870