https://www.taxtmi.com/caselaws?id=46083 A sick industrial company under rehabilitation was protected by the statutory bar in Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, because an operating agency had been appointed to conduct a viability study and prepare a rehabilitation scheme. On that footing, the respondents' recovery action was suspended, and the proper course for them was to approach the Board for Industrial and Financial Reconstruction if they wished to pursue recovery or demand. The interim injunction therefore remained justified, and there was no ground to vacate it. en-us Wed, 31 Oct 2001 00:00:00 +0530 Thu, 15 Jul 2010 16:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46083 A sick industrial company under rehabilitation was protected by the statutory bar in Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, because an operating agency had been appointed to conduct a viability study and prepare a rehabilitation scheme. On that footing, the respondents' recovery action was suspended, and the proper course for them was to approach the Board for Industrial and Financial Reconstruction if they wished to pursue recovery or demand. The interim injunction therefore remained justified, and there was no ground to vacate it. Case-Laws Central Excise Wed, 31 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46083