https://www.taxtmi.com/caselaws?id=108750 Guarantors challenging recovery sought protection under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, and the Court recorded a prima facie concern that the provision may operate discriminatorily by staying recoveries against companies while similar protection is unavailable to poorer borrowers, raising an Article 14 issue. No final ruling was given on the constitutional challenge or on the recovery claim. The Union of India was directed to be impleaded, and the matter was listed for further hearing after exchange of affidavits. en-us Fri, 19 Jul 2002 00:00:00 +0530 Tue, 03 Apr 2012 17:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108750 Guarantors challenging recovery sought protection under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, and the Court recorded a prima facie concern that the provision may operate discriminatorily by staying recoveries against companies while similar protection is unavailable to poorer borrowers, raising an Article 14 issue. No final ruling was given on the constitutional challenge or on the recovery claim. The Union of India was directed to be impleaded, and the matter was listed for further hearing after exchange of affidavits. Case-Laws Companies Law Fri, 19 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108750