https://www.taxtmi.com/caselaws?id=112293 Section 22 of the Sick Industrial Companies Act, 1985 is to be construed strictly and protects proceedings only where they directly affect a sick industrial company's assets, contractual liabilities, or implementation of a revival scheme. A tort claim for defamation stands on a different footing from recovery of contractual dues or enforcement of security. Damages sought for defamation are compensatory in nature and do not amount to a proceeding for recovery of money within the statutory suspension. Accordingly, a civil suit for defamation damages against a sick industrial company is not barred by section 22, and suspension of the proceedings is unavailable. en-us Fri, 14 Sep 2007 00:00:00 +0530 Fri, 26 Dec 2014 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112293 Section 22 of the Sick Industrial Companies Act, 1985 is to be construed strictly and protects proceedings only where they directly affect a sick industrial company's assets, contractual liabilities, or implementation of a revival scheme. A tort claim for defamation stands on a different footing from recovery of contractual dues or enforcement of security. Damages sought for defamation are compensatory in nature and do not amount to a proceeding for recovery of money within the statutory suspension. Accordingly, a civil suit for defamation damages against a sick industrial company is not barred by section 22, and suspension of the proceedings is unavailable. Case-Laws Companies Law Fri, 14 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112293