https://www.taxtmi.com/caselaws?id=459866 Discharge of a Court Receiver over part of the suit property and handing over possession to a DRT-appointed Receiver was not barred by Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985. The relief was treated as a limited recall of an earlier interim arrangement, not as prosecution of the suit, execution, sale, winding up, or continuation of proceedings against the company. Since the Court Receiver would cease to act only in respect of that portion, the request did not fall within the statutory bar. The existence of a joint realization arrangement did not alter this position, and recovery and distribution could proceed in the appropriate forum under law. en-us Wed, 03 Aug 2011 00:00:00 +0530 Wed, 01 Jan 2025 13:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459866 Discharge of a Court Receiver over part of the suit property and handing over possession to a DRT-appointed Receiver was not barred by Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985. The relief was treated as a limited recall of an earlier interim arrangement, not as prosecution of the suit, execution, sale, winding up, or continuation of proceedings against the company. Since the Court Receiver would cease to act only in respect of that portion, the request did not fall within the statutory bar. The existence of a joint realization arrangement did not alter this position, and recovery and distribution could proceed in the appropriate forum under law. Case-Laws Indian Laws Wed, 03 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459866