https://www.taxtmi.com/caselaws?id=107954 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 protects the implementation of a sanctioned rehabilitation scheme and bars enforcement only of liabilities reckoned in or covered by that scheme. Where the liability arises from transactions entered into after sanction, it falls outside the scheme and is not shielded by the statutory embargo. On that reasoning, post-scheme purchases of goods create an ordinary enforceable payment obligation, and the sick company cannot rely on section 22 to avoid payment for goods received after sanction. en-us Mon, 23 Apr 2001 00:00:00 +0530 Wed, 28 Mar 2012 10:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107954 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 protects the implementation of a sanctioned rehabilitation scheme and bars enforcement only of liabilities reckoned in or covered by that scheme. Where the liability arises from transactions entered into after sanction, it falls outside the scheme and is not shielded by the statutory embargo. On that reasoning, post-scheme purchases of goods create an ordinary enforceable payment obligation, and the sick company cannot rely on section 22 to avoid payment for goods received after sanction. Case-Laws Companies Law Mon, 23 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107954