https://www.taxtmi.com/caselaws?id=10307 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 bars coercive recovery and execution proceedings against an industrial company while a statutory inquiry, rehabilitation scheme, or appeal is pending, unless the Board or Appellate Authority consents. Tax recovery notices issued under section 226(3) of the Income-tax Act are treated as execution-type proceedings and cannot proceed during that protective period without prior consent. The provision is mandatory and is intended to preserve the company's assets while revival proceedings are under consideration; otherwise, the statutory protection would be defeated. en-us Tue, 23 Nov 2004 00:00:00 +0530 Mon, 13 Jul 2009 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10307 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 bars coercive recovery and execution proceedings against an industrial company while a statutory inquiry, rehabilitation scheme, or appeal is pending, unless the Board or Appellate Authority consents. Tax recovery notices issued under section 226(3) of the Income-tax Act are treated as execution-type proceedings and cannot proceed during that protective period without prior consent. The provision is mandatory and is intended to preserve the company's assets while revival proceedings are under consideration; otherwise, the statutory protection would be defeated. Case-Laws Income Tax Tue, 23 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10307