https://www.taxtmi.com/caselaws?id=109316 Section 22A of the Sick Industrial Companies (Special Provisions) Act, 1985, which restrains disposal of assets of a sick industrial company without Board consent, does not by itself create a complete bar to institution or continuation of proceedings under section 138 of the Negotiable Instruments Act, 1881. The effect of any BIFR restraint order on the company's assets or conduct is a matter for examination at the appropriate stage before the trial court, not for rejection at the threshold in revisional jurisdiction. On that basis, the objection that the prosecution was barred by SICA was treated as premature and rejected. en-us Fri, 19 Dec 2003 00:00:00 +0530 Sat, 07 Apr 2012 18:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109316 Section 22A of the Sick Industrial Companies (Special Provisions) Act, 1985, which restrains disposal of assets of a sick industrial company without Board consent, does not by itself create a complete bar to institution or continuation of proceedings under section 138 of the Negotiable Instruments Act, 1881. The effect of any BIFR restraint order on the company's assets or conduct is a matter for examination at the appropriate stage before the trial court, not for rejection at the threshold in revisional jurisdiction. On that basis, the objection that the prosecution was barred by SICA was treated as premature and rejected. Case-Laws Companies Law Fri, 19 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109316