https://www.taxtmi.com/caselaws?id=109472 A declared sick industrial undertaking could not invoke section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 to restrain an electricity authority's demand for additional security and threat of disconnection. Although section 22 had been construed broadly to cover more than formal legal proceedings, a binding Division Bench precedent had already held that such a demand and consequential disconnection notice did not amount to a proceeding within the section. That precedent controlled the issue, so the protective bar under section 22 did not apply. en-us Fri, 07 Nov 2003 00:00:00 +0530 Tue, 10 Apr 2012 13:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109472 A declared sick industrial undertaking could not invoke section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 to restrain an electricity authority's demand for additional security and threat of disconnection. Although section 22 had been construed broadly to cover more than formal legal proceedings, a binding Division Bench precedent had already held that such a demand and consequential disconnection notice did not amount to a proceeding within the section. That precedent controlled the issue, so the protective bar under section 22 did not apply. Case-Laws Companies Law Fri, 07 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109472