1999 (7) TMI 582

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....226 of the Constitution is to the notices dated 30-6-1998, 3-11-1998, 18-11-1998 and 1-12-1998 issued by the Assistant Commissioner, Central Excise Division, Ludhiana for the recovery of different sums of money from the petitioner on account of arrears of Central Excise duty. 2. The petitioner is a public limited company with its registered office at Ludhiana and is engaged in the manufacture o....

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.... of the provisions of section 22 of the Act. We find considerable merit in this submission. A reading of sections 15 to 18 of the Act makes it clear that on receipt of a reference from the company under section 15(1) the Board may make such inquiry as it may deem fit for determining whether the company has become a sick industrial company. The use of word 'may' leaves it to the option of the Board....