https://www.taxtmi.com/caselaws?id=159395 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was construed broadly to stay coercive recovery measures while proceedings under the Act are pending, including inquiry, scheme consideration, or appeal. Action under section 29 of the State Financial Corporations Act, 1951, although taken directly by the corporation, was treated as a coercive recovery step that could frustrate the revival process and therefore remains barred unless the Board or Appellate Authority consents. en-us Fri, 29 Jan 1993 00:00:00 +0530 Thu, 03 Jul 2025 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159395 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 was construed broadly to stay coercive recovery measures while proceedings under the Act are pending, including inquiry, scheme consideration, or appeal. Action under section 29 of the State Financial Corporations Act, 1951, although taken directly by the corporation, was treated as a coercive recovery step that could frustrate the revival process and therefore remains barred unless the Board or Appellate Authority consents. Case-Laws Indian Laws Fri, 29 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159395