https://www.taxtmi.com/caselaws?id=111137 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 did not bar recovery of excise duty collected by a sick company from customers after registration of the reference with BIFR. The Court applied the distinction between ordinary dues of the company and amounts realised on behalf of the revenue, holding that post-registration excise collections were money belonging to the revenue and not assets protected by the statutory embargo. Recovery of the post-registration duty amount was therefore permitted, while the protection under section 22(1) was unavailable for that part of the demand. en-us Wed, 16 Mar 2005 00:00:00 +0530 Fri, 20 Apr 2012 15:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111137 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 did not bar recovery of excise duty collected by a sick company from customers after registration of the reference with BIFR. The Court applied the distinction between ordinary dues of the company and amounts realised on behalf of the revenue, holding that post-registration excise collections were money belonging to the revenue and not assets protected by the statutory embargo. Recovery of the post-registration duty amount was therefore permitted, while the protection under section 22(1) was unavailable for that part of the demand. Case-Laws Companies Law Wed, 16 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111137