https://www.taxtmi.com/caselaws?id=162688 During the pendency of a BIFR inquiry, recovery proceedings of the kind covered by section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 cannot proceed without BIFR consent. The statutory bar is meant to protect rehabilitation efforts and applies even where no sanctioned scheme has yet been framed. A contrary Supreme Court ruling was distinguished because it concerned dues already covered by a sanctioned scheme. The recovery action was therefore held to be hit by section 22, subject to the Board's power to grant consent for appropriate proceedings. en-us Fri, 28 Jul 2006 00:00:00 +0530 Wed, 12 Mar 2014 17:12:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162688 During the pendency of a BIFR inquiry, recovery proceedings of the kind covered by section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 cannot proceed without BIFR consent. The statutory bar is meant to protect rehabilitation efforts and applies even where no sanctioned scheme has yet been framed. A contrary Supreme Court ruling was distinguished because it concerned dues already covered by a sanctioned scheme. The recovery action was therefore held to be hit by section 22, subject to the Board's power to grant consent for appropriate proceedings. Case-Laws VAT and Sales Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162688