https://www.taxtmi.com/article/detailed?id=671 Section 22 of SICA empowers the Board to suspend enforcement of rights, obligations and proceedings against a sick industrial company and to declare adaptations for implementation of a revival scheme, with such declarations overriding other laws during the declared period; where a BIFR scheme expressly waives interest and penalties and prescribes staged repayment, those waivers prevent separate recovery of interest and penalties and may validate discharge of duty liability through cenvat credit as contemplated by the scheme. en-us Wed, 10 Feb 2010 00:00:00 +0530 Sat, 14 Sep 2013 22:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=671 Section 22 of SICA empowers the Board to suspend enforcement of rights, obligations and proceedings against a sick industrial company and to declare adaptations for implementation of a revival scheme, with such declarations overriding other laws during the declared period; where a BIFR scheme expressly waives interest and penalties and prescribes staged repayment, those waivers prevent separate recovery of interest and penalties and may validate discharge of duty liability through cenvat credit as contemplated by the scheme. Articles Corporate Laws / IBC / SEBI Wed, 10 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=671