https://www.taxtmi.com/caselaws?id=110812 Under the Sick Industrial Companies (Special Provisions) Act, 1985, the Board has no statutory power to direct a State Government to pay the wages of employees of a sick industrial company. The rehabilitation framework under Sections 15 to 20 contemplates inquiry, revival planning, reliefs, concessions and, if needed, winding up, but it does not create an enforceable obligation on the State to finance the company's wage bill by interim direction. Employees of a Government-owned or Government-controlled company are not Government servants, and State ownership or control does not itself impose liability for the company's salary obligations. Claims of workmen remain governed by the company-law framework and priority rules. en-us Wed, 26 Apr 2006 00:00:00 +0530 Sat, 09 Dec 2017 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110812 Under the Sick Industrial Companies (Special Provisions) Act, 1985, the Board has no statutory power to direct a State Government to pay the wages of employees of a sick industrial company. The rehabilitation framework under Sections 15 to 20 contemplates inquiry, revival planning, reliefs, concessions and, if needed, winding up, but it does not create an enforceable obligation on the State to finance the company's wage bill by interim direction. Employees of a Government-owned or Government-controlled company are not Government servants, and State ownership or control does not itself impose liability for the company's salary obligations. Claims of workmen remain governed by the company-law framework and priority rules. Case-Laws Companies Law Wed, 26 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110812