https://www.taxtmi.com/caselaws?id=110886 A sanctioned rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 barred execution and recovery against the sick company because the creditor's award liability was included in that scheme. Section 22 protected the company from distress, execution and similar proceedings during implementation of the scheme unless consent was obtained from the Board or Appellate Authority. The 1993 delayed payments law did not override that protection on these facts; its non obstante clause had to be read harmoniously with the rehabilitation framework of the 1985 Act. The execution proceedings therefore could not be sustained. en-us Thu, 14 Sep 2006 00:00:00 +0530 Mon, 30 Dec 2013 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110886 A sanctioned rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 barred execution and recovery against the sick company because the creditor's award liability was included in that scheme. Section 22 protected the company from distress, execution and similar proceedings during implementation of the scheme unless consent was obtained from the Board or Appellate Authority. The 1993 delayed payments law did not override that protection on these facts; its non obstante clause had to be read harmoniously with the rehabilitation framework of the 1985 Act. The execution proceedings therefore could not be sustained. Case-Laws Companies Law Thu, 14 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110886