https://www.taxtmi.com/caselaws?id=313921 Section 22 of SICA bars recovery proceedings only where the liability sought to be enforced is shown to be covered by the rehabilitation scheme or otherwise falls within the statutory embargo. Mere pendency of SICA proceedings or an appeal is not enough; the party invoking the bar must produce material showing that the respondent's claim was included in the scheme before the BIFR. As no such material was produced, the statutory protection did not apply, the recovery suit was maintainable, and the appeal failed. en-us Mon, 16 Apr 2012 00:00:00 +0530 Thu, 09 May 2024 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313921 Section 22 of SICA bars recovery proceedings only where the liability sought to be enforced is shown to be covered by the rehabilitation scheme or otherwise falls within the statutory embargo. Mere pendency of SICA proceedings or an appeal is not enough; the party invoking the bar must produce material showing that the respondent's claim was included in the scheme before the BIFR. As no such material was produced, the statutory protection did not apply, the recovery suit was maintainable, and the appeal failed. Case-Laws Companies Law Mon, 16 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313921