https://www.taxtmi.com/caselaws?id=109338 A sanctioned rehabilitation scheme under SICA binds the sick company and its creditors, and section 32 gives the scheme overriding effect over inconsistent earlier consent terms. Where the claimant received circulation of the scheme and no timely objection was recorded, consent was deemed under section 19(2), and the claimant's entitlement stood crystallised under the scheme. Any challenge that the scheme wrongly curtailed the claim could not be pursued in civil execution proceedings because section 26 bars civil court jurisdiction in matters entrusted to the Board or Appellate Authority. The claimant was therefore not entitled to recover any further amount under the earlier consent terms, and the consequential discharge of the Court Receiver followed. en-us Wed, 21 Jan 2004 00:00:00 +0530 Mon, 09 Apr 2012 10:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109338 A sanctioned rehabilitation scheme under SICA binds the sick company and its creditors, and section 32 gives the scheme overriding effect over inconsistent earlier consent terms. Where the claimant received circulation of the scheme and no timely objection was recorded, consent was deemed under section 19(2), and the claimant's entitlement stood crystallised under the scheme. Any challenge that the scheme wrongly curtailed the claim could not be pursued in civil execution proceedings because section 26 bars civil court jurisdiction in matters entrusted to the Board or Appellate Authority. The claimant was therefore not entitled to recover any further amount under the earlier consent terms, and the consequential discharge of the Court Receiver followed. Case-Laws Companies Law Wed, 21 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109338