https://www.taxtmi.com/caselaws?id=158492 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 bars distress and similar coercive recovery proceedings against a sick industrial company while a rehabilitation scheme under section 17 is under implementation, unless the Board for Industrial and Financial Reconstruction gives consent. The protective bar applies to tax arrears as well, including recovery threatened as arrears of land revenue. The absence of Board consent makes distress action impermissible during the currency of the scheme, and non-compliance with instalment conditions in the scheme does not by itself remove that statutory protection. en-us Wed, 28 Feb 1996 00:00:00 +0530 Tue, 13 Feb 2018 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158492 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 bars distress and similar coercive recovery proceedings against a sick industrial company while a rehabilitation scheme under section 17 is under implementation, unless the Board for Industrial and Financial Reconstruction gives consent. The protective bar applies to tax arrears as well, including recovery threatened as arrears of land revenue. The absence of Board consent makes distress action impermissible during the currency of the scheme, and non-compliance with instalment conditions in the scheme does not by itself remove that statutory protection. Case-Laws VAT and Sales Tax Wed, 28 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158492