https://www.taxtmi.com/caselaws?id=110489 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 was construed as a moratorium confined to proceedings with a direct nexus to a sick company's winding up, financial enforcement, or revival and rehabilitation. Proceedings under the Land Acquisition Act were held not to fall within that protective bar because they do not affect the company's financial rehabilitation in the sense contemplated by section 22. Prior consent of the Board for Industrial and Financial Reconstruction was therefore not required, and the land acquisition challenge failed. en-us Wed, 28 Jul 2004 00:00:00 +0530 Tue, 17 Apr 2012 11:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110489 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 was construed as a moratorium confined to proceedings with a direct nexus to a sick company's winding up, financial enforcement, or revival and rehabilitation. Proceedings under the Land Acquisition Act were held not to fall within that protective bar because they do not affect the company's financial rehabilitation in the sense contemplated by section 22. Prior consent of the Board for Industrial and Financial Reconstruction was therefore not required, and the land acquisition challenge failed. Case-Laws Companies Law Wed, 28 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110489