https://www.taxtmi.com/caselaws?id=108215 Once a reference under the Sick Industrial Companies (Special Provisions) Act, 1985 is registered and inquiry is pending before BIFR, section 22(1) bars continuation of winding up or similar coercive proceedings unless the Board or Appellate Authority consents. The company court cannot proceed with winding up petitions while that protective bar operates, and the jurisdictional question whether the company is an industrial company falls within the statutory forum's enquiry. Parallel determination by the company court would be inconsistent with the special scheme of the Act. The effect is that the pending reference must be decided by BIFR, not in the company petitions. en-us Wed, 18 Jun 2003 00:00:00 +0530 Fri, 30 Mar 2012 15:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108215 Once a reference under the Sick Industrial Companies (Special Provisions) Act, 1985 is registered and inquiry is pending before BIFR, section 22(1) bars continuation of winding up or similar coercive proceedings unless the Board or Appellate Authority consents. The company court cannot proceed with winding up petitions while that protective bar operates, and the jurisdictional question whether the company is an industrial company falls within the statutory forum's enquiry. Parallel determination by the company court would be inconsistent with the special scheme of the Act. The effect is that the pending reference must be decided by BIFR, not in the company petitions. Case-Laws Companies Law Wed, 18 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108215