https://www.taxtmi.com/article/detailed?id=7066 The statute created a specialised administrative rehabilitation mechanism empowered to inquire into industrial sickness, prepare and sanction reconstruction or winding-up schemes, and to suspend recovery proceedings during scheme consideration to revive viable companies and realise assets of non-viable ones; high-level reviews found systemic delays and misuse of suspension provisions, recommending repeal or consolidation into general company law or a unified insolvency framework, leading to legislative amendments that transferred revival procedures into company law but whose provisions remain largely unnotified. en-us Mon, 07 Nov 2016 13:20:43 +0530 Mon, 07 Nov 2016 13:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7066 The statute created a specialised administrative rehabilitation mechanism empowered to inquire into industrial sickness, prepare and sanction reconstruction or winding-up schemes, and to suspend recovery proceedings during scheme consideration to revive viable companies and realise assets of non-viable ones; high-level reviews found systemic delays and misuse of suspension provisions, recommending repeal or consolidation into general company law or a unified insolvency framework, leading to legislative amendments that transferred revival procedures into company law but whose provisions remain largely unnotified. Articles Corporate Laws / IBC / SEBI Mon, 07 Nov 2016 13:20:43 +0530 https://www.taxtmi.com/article/detailed?id=7066