https://www.taxtmi.com/caselaws?id=383539 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 applies only to liabilities covered by an inquiry, sanctioned rehabilitation scheme, or its implementation; a mere reference or registration before BIFR does not by itself suspend independent revenue dues. The Court noted that the interest liability had arisen before the registration date and there was no material showing inclusion in any sanctioned scheme or express waiver. On that basis, the statutory bar was not attracted, and the obligation to pay interest under the Chhattisgarh Vanijyik Kar Adhiniyam, 1994 remained enforceable against the assessee. en-us Thu, 03 Jan 2019 00:00:00 +0530 Wed, 31 Jul 2019 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383539 Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 applies only to liabilities covered by an inquiry, sanctioned rehabilitation scheme, or its implementation; a mere reference or registration before BIFR does not by itself suspend independent revenue dues. The Court noted that the interest liability had arisen before the registration date and there was no material showing inclusion in any sanctioned scheme or express waiver. On that basis, the statutory bar was not attracted, and the obligation to pay interest under the Chhattisgarh Vanijyik Kar Adhiniyam, 1994 remained enforceable against the assessee. Case-Laws VAT and Sales Tax Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383539