https://www.taxtmi.com/caselaws?id=109378 Section 22(1) of SICA bars continuation of pending proceedings, including appeals, where the proceeding concerns a monetary claim against a sick industrial company, unless consent is obtained from the Board or Appellate Authority. The operative phrase "be proceeded with further" is read broadly to cover continuation at any stage, and the bar is not limited to proceedings originally instituted against the company. A sick company's own appeal does not escape the restriction if the underlying dispute is a money claim. The provision is applied in light of SICA's protective and rehabilitative scheme, avoiding inconsistent treatment of appeals and cross-objections arising from the same transaction. en-us Wed, 25 Feb 2004 00:00:00 +0530 Mon, 09 Apr 2012 13:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109378 Section 22(1) of SICA bars continuation of pending proceedings, including appeals, where the proceeding concerns a monetary claim against a sick industrial company, unless consent is obtained from the Board or Appellate Authority. The operative phrase "be proceeded with further" is read broadly to cover continuation at any stage, and the bar is not limited to proceedings originally instituted against the company. A sick company's own appeal does not escape the restriction if the underlying dispute is a money claim. The provision is applied in light of SICA's protective and rehabilitative scheme, avoiding inconsistent treatment of appeals and cross-objections arising from the same transaction. Case-Laws Companies Law Wed, 25 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109378