https://www.taxtmi.com/caselaws?id=300805 Comparative evaluation of rival rehabilitation schemes for a sick industrial company lies with the statutory Operating Agency, not the writ court, so the directions for fresh consideration of the Tata and R.R. Kabels proposals were maintained with remand for reevaluation. Objections that Tata's proposal was delayed or procedurally introduced were treated as too technical to exclude consideration, especially since R.R. Kabels' revised proposal had also not yet been assessed. On section 22A, the Court held that a non-performing asset is not an asset of the sick company for restraint purposes, so R.R. Kabels' purchase of such debt did not breach the status quo order. en-us Thu, 09 Apr 2009 00:00:00 +0530 Fri, 25 Feb 2022 17:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300805 Comparative evaluation of rival rehabilitation schemes for a sick industrial company lies with the statutory Operating Agency, not the writ court, so the directions for fresh consideration of the Tata and R.R. Kabels proposals were maintained with remand for reevaluation. Objections that Tata's proposal was delayed or procedurally introduced were treated as too technical to exclude consideration, especially since R.R. Kabels' revised proposal had also not yet been assessed. On section 22A, the Court held that a non-performing asset is not an asset of the sick company for restraint purposes, so R.R. Kabels' purchase of such debt did not breach the status quo order. Case-Laws Indian Laws Thu, 09 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300805