https://www.taxtmi.com/caselaws?id=108357 During pendency of a reference under the Sick Industrial Companies (Special Provisions) Act before the BIFR, section 22 bars creditors and authorities from taking coercive recovery steps against the company's assets unless prior BIFR consent is obtained. Where inquiry under sections 16 and 17 is in progress, attachment notices and similar restraints on property cannot be enforced without that consent. The stated principle is that the statutory protection operates notwithstanding factual objections, leaving the creditor to seek BIFR permission before proceeding with recovery. en-us Mon, 20 Jan 2003 00:00:00 +0530 Sat, 31 Mar 2012 12:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108357 During pendency of a reference under the Sick Industrial Companies (Special Provisions) Act before the BIFR, section 22 bars creditors and authorities from taking coercive recovery steps against the company's assets unless prior BIFR consent is obtained. Where inquiry under sections 16 and 17 is in progress, attachment notices and similar restraints on property cannot be enforced without that consent. The stated principle is that the statutory protection operates notwithstanding factual objections, leaving the creditor to seek BIFR permission before proceeding with recovery. Case-Laws Companies Law Mon, 20 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108357