https://www.taxtmi.com/caselaws?id=110052 The protective scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 did not bar police investigation into allegations of forgery, fabrication and cheating against a managing director. The Act's suspension, civil bar and overriding effect were confined to proceedings against the sick company and matters connected with inquiry, rehabilitation or winding up; they did not insulate directors or other personnel from criminal liability for independent offences under the IPC. The pendency of proceedings before the BIFR therefore did not oust police jurisdiction, and the criminal complaint alleging forged share certificates remained outside the Act's protection. The writ petition failed and the investigation was permitted to proceed. en-us Fri, 29 Apr 2005 00:00:00 +0530 Fri, 13 Apr 2012 15:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110052 The protective scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 did not bar police investigation into allegations of forgery, fabrication and cheating against a managing director. The Act's suspension, civil bar and overriding effect were confined to proceedings against the sick company and matters connected with inquiry, rehabilitation or winding up; they did not insulate directors or other personnel from criminal liability for independent offences under the IPC. The pendency of proceedings before the BIFR therefore did not oust police jurisdiction, and the criminal complaint alleging forged share certificates remained outside the Act's protection. The writ petition failed and the investigation was permitted to proceed. Case-Laws Companies Law Fri, 29 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110052