https://www.taxtmi.com/caselaws?id=43733 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 protects a sick industrial company's property from winding up, execution, distress and similar coercive proceedings, but it does not bar Central Excise authorities from demanding and collecting excise duty when manufactured goods are removed. The excise levy was treated as a current statutory collection linked to the point of removal, not as a coercive proceeding against the company's assets. On that basis, the statutory bar was held inapplicable and no prima facie basis existed for interim restraint of excise collection. en-us Tue, 21 Dec 1993 00:00:00 +0530 Sat, 19 Jun 2010 16:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43733 Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 protects a sick industrial company's property from winding up, execution, distress and similar coercive proceedings, but it does not bar Central Excise authorities from demanding and collecting excise duty when manufactured goods are removed. The excise levy was treated as a current statutory collection linked to the point of removal, not as a coercive proceeding against the company's assets. On that basis, the statutory bar was held inapplicable and no prima facie basis existed for interim restraint of excise collection. Case-Laws Central Excise Tue, 21 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43733