https://www.taxtmi.com/caselaws?id=109528 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 does not bar repossession of leased machinery where the lease terms reserve title in the financier and the equipment remains the lessor's property. The statutory protection applies only to the assets of the sick company, so a plea of sickness or pending BIFR proceedings cannot ? resist delivery of equipment not owned by the company. The document also notes that admissions of disbursement and default satisfied the requirements for relief on admissions, supporting a decree directing delivery of possession of the diesel generating sets. en-us Mon, 17 Mar 2003 00:00:00 +0530 Tue, 10 Apr 2012 16:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109528 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 does not bar repossession of leased machinery where the lease terms reserve title in the financier and the equipment remains the lessor's property. The statutory protection applies only to the assets of the sick company, so a plea of sickness or pending BIFR proceedings cannot ? resist delivery of equipment not owned by the company. The document also notes that admissions of disbursement and default satisfied the requirements for relief on admissions, supporting a decree directing delivery of possession of the diesel generating sets. Case-Laws Companies Law Mon, 17 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109528