https://www.taxtmi.com/caselaws?id=221447 A sanctioned BIFR rehabilitation scheme bound the Pollution Control Board and other respondent authorities where they were represented in the proceedings and no appeal was filed, so the scheme had to be implemented as approved. The scheme specifically required reassessment of statutory demands after accounting for the period of closure and contemplated acceptance of water cess on actual discharge with waiver of interest and penalty. Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 also barred recovery proceedings against the sick industrial company while the sanctioned scheme was under implementation, absent Board or Appellate Authority consent. The impugned demand was set aside and the authorities were directed to give effect to the scheme. en-us Mon, 01 Oct 2012 00:00:00 +0530 Mon, 11 Mar 2013 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221447 A sanctioned BIFR rehabilitation scheme bound the Pollution Control Board and other respondent authorities where they were represented in the proceedings and no appeal was filed, so the scheme had to be implemented as approved. The scheme specifically required reassessment of statutory demands after accounting for the period of closure and contemplated acceptance of water cess on actual discharge with waiver of interest and penalty. Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 also barred recovery proceedings against the sick industrial company while the sanctioned scheme was under implementation, absent Board or Appellate Authority consent. The impugned demand was set aside and the authorities were directed to give effect to the scheme. Case-Laws Companies Law Mon, 01 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221447