https://www.taxtmi.com/caselaws?id=112532 Where an inquiry under section 16 of the Sick Industrial Companies (Special Provisions) Act, 1985 was pending before the BIFR, section 22(1) barred a suit for recovery of money against the sick industrial company unless the Board's consent was obtained. The Court treated the Act as a complete code with overriding effect, so the civil court's jurisdiction was excluded for proceedings covered by the statutory scheme. A decree passed in breach of that statutory bar was without jurisdiction and could not be sustained; the suit was therefore barred and the decree was a nullity. en-us Fri, 15 May 2009 00:00:00 +0530 Mon, 29 Dec 2014 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112532 Where an inquiry under section 16 of the Sick Industrial Companies (Special Provisions) Act, 1985 was pending before the BIFR, section 22(1) barred a suit for recovery of money against the sick industrial company unless the Board's consent was obtained. The Court treated the Act as a complete code with overriding effect, so the civil court's jurisdiction was excluded for proceedings covered by the statutory scheme. A decree passed in breach of that statutory bar was without jurisdiction and could not be sustained; the suit was therefore barred and the decree was a nullity. Case-Laws Companies Law Fri, 15 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112532