https://www.taxtmi.com/caselaws?id=306408 A statutory board's power under section 22A of the Sick Industrial Companies (Special Provisions) Act, 1985 extends only to a sick industrial company and only within the limits fixed by the provision; it cannot compel a non-sick company to maintain status quo or refrain from alienating assets. The restraint directions issued against a company that had purchased the Kota units under a sanctioned scheme were therefore beyond jurisdiction. The document also states that findings in favour of a second respondent, which were not challenged in the writ petition, should not have been disturbed by the High Court. Unchallenged exonerating findings must be left intact unless directly put in issue. en-us Fri, 18 Nov 2016 00:00:00 +0530 Fri, 27 Jan 2023 20:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306408 A statutory board's power under section 22A of the Sick Industrial Companies (Special Provisions) Act, 1985 extends only to a sick industrial company and only within the limits fixed by the provision; it cannot compel a non-sick company to maintain status quo or refrain from alienating assets. The restraint directions issued against a company that had purchased the Kota units under a sanctioned scheme were therefore beyond jurisdiction. The document also states that findings in favour of a second respondent, which were not challenged in the writ petition, should not have been disturbed by the High Court. Unchallenged exonerating findings must be left intact unless directly put in issue. Case-Laws Indian Laws Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306408