https://www.taxtmi.com/caselaws?id=33064 Recovery of customs dues against a company under BIFR proceedings was treated as barred by Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985. Enforcement of a bank guarantee or other coercive recovery steps was regarded as distress action against a sick industrial company, and could not proceed without obtaining appropriate orders from the BIFR. The statutory protection therefore applied to the recovery attempt, and the objection to enforcement succeeded. en-us Mon, 11 Aug 2008 00:00:00 +0530 Mon, 20 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33064 Recovery of customs dues against a company under BIFR proceedings was treated as barred by Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985. Enforcement of a bank guarantee or other coercive recovery steps was regarded as distress action against a sick industrial company, and could not proceed without obtaining appropriate orders from the BIFR. The statutory protection therefore applied to the recovery attempt, and the objection to enforcement succeeded. Case-Laws Customs Mon, 11 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33064