https://www.taxtmi.com/caselaws?id=114015 A writ challenge to the Central Government cane-price arrears scheme and the State Government's refusal to furnish a guarantee was rejected because no legal infirmity, irrationality, or arbitrariness was shown in the policy decision. Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 was held not to bar recovery of sugar cane dues or other coercive steps for liabilities arising after the rehabilitation cut-off date, since the obligation to pay for raw material purchased while the unit continued operating remained enforceable. The protection under section 22 was confined to proceedings that would impede rehabilitation, and did not extend to post-cut-off commercial liabilities. en-us Wed, 13 Aug 2008 00:00:00 +0530 Tue, 02 Dec 2014 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114015 A writ challenge to the Central Government cane-price arrears scheme and the State Government's refusal to furnish a guarantee was rejected because no legal infirmity, irrationality, or arbitrariness was shown in the policy decision. Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 was held not to bar recovery of sugar cane dues or other coercive steps for liabilities arising after the rehabilitation cut-off date, since the obligation to pay for raw material purchased while the unit continued operating remained enforceable. The protection under section 22 was confined to proceedings that would impede rehabilitation, and did not extend to post-cut-off commercial liabilities. Case-Laws Companies Law Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114015