https://www.taxtmi.com/caselaws?id=199413 Section 22(1) of the Sick Industrial Companies Act bars coercive recovery, including attachment and sale, against a sick industrial company's properties while an inquiry or scheme is pending, so property tax recovery machinery under the Bombay Village Panchayats Act cannot proceed without the Board's consent. The provision affects only the mode of recovery, not the Gram Panchayat's power to levy property tax. On a pith and substance analysis, the central law remains valid under Parliament's legislative field, and any incidental impact on State or local taxing recovery powers does not invalidate it or require read-down. en-us Tue, 18 Jul 1989 00:00:00 +0530 Wed, 28 Feb 2018 11:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199413 Section 22(1) of the Sick Industrial Companies Act bars coercive recovery, including attachment and sale, against a sick industrial company's properties while an inquiry or scheme is pending, so property tax recovery machinery under the Bombay Village Panchayats Act cannot proceed without the Board's consent. The provision affects only the mode of recovery, not the Gram Panchayat's power to levy property tax. On a pith and substance analysis, the central law remains valid under Parliament's legislative field, and any incidental impact on State or local taxing recovery powers does not invalidate it or require read-down. Case-Laws Companies Law Tue, 18 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199413