https://www.taxtmi.com/caselaws?id=288622 Registration of a reference under Section 15 of the Sick Industrial Companies (Special Provisions) Act does not, by itself, amount to a pending enquiry under Section 16. The registered reference is only a preliminary ministerial step; it does not mean the Board has applied its mind or commenced an enquiry. Because Section 22(1) expressly stays proceedings only where a Section 16 enquiry is pending, the bar does not arise merely from registration of the reference. The statute was construed according to its clear words, and the Act's object was read as including protection of public funds and treatment of non-viable sick companies as well as revival. en-us Mon, 10 Sep 1990 00:00:00 +0530 Wed, 19 Mar 2025 15:49:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288622 Registration of a reference under Section 15 of the Sick Industrial Companies (Special Provisions) Act does not, by itself, amount to a pending enquiry under Section 16. The registered reference is only a preliminary ministerial step; it does not mean the Board has applied its mind or commenced an enquiry. Because Section 22(1) expressly stays proceedings only where a Section 16 enquiry is pending, the bar does not arise merely from registration of the reference. The statute was construed according to its clear words, and the Act's object was read as including protection of public funds and treatment of non-viable sick companies as well as revival. Case-Laws Indian Laws Mon, 10 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288622