https://www.taxtmi.com/caselaws?id=108693 A winding-up petition based on inability to pay debts should not be entertained where the same company is already subject to a sickness reference and rehabilitation inquiry before BIFR under SICA. The pending statutory process under sections 15, 16 and 17, including investigation into sickness and possible revival, takes precedence over parallel proceedings in another forum on the same issue. Claims by the petitioner may be considered within the BIFR framework, but independent winding-up action should not proceed while that inquiry is underway. en-us Wed, 15 Jan 2003 00:00:00 +0530 Tue, 03 Apr 2012 13:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108693 A winding-up petition based on inability to pay debts should not be entertained where the same company is already subject to a sickness reference and rehabilitation inquiry before BIFR under SICA. The pending statutory process under sections 15, 16 and 17, including investigation into sickness and possible revival, takes precedence over parallel proceedings in another forum on the same issue. Claims by the petitioner may be considered within the BIFR framework, but independent winding-up action should not proceed while that inquiry is underway. Case-Laws Companies Law Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108693