https://www.taxtmi.com/caselaws?id=313960 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 bars proceedings that operate like execution, distress, or similar interference with a sick company's assets or rehabilitation scheme. An ordinary suit for recovery of money simplicitor does not, by itself, fall within that category. Where no relief is sought that would disturb assets or affect rehabilitation, the statutory bar is not attracted and prior BIFR permission is unnecessary. en-us Thu, 25 Sep 2014 00:00:00 +0530 Fri, 10 May 2024 06:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313960 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 bars proceedings that operate like execution, distress, or similar interference with a sick company's assets or rehabilitation scheme. An ordinary suit for recovery of money simplicitor does not, by itself, fall within that category. Where no relief is sought that would disturb assets or affect rehabilitation, the statutory bar is not attracted and prior BIFR permission is unnecessary. Case-Laws Indian Laws Thu, 25 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313960