Jay Engineering Works Ltd vs Industry Facilitation Council And Anr on 14 September, 2006
It is correct that in case of Jay Engineering Works Ltd.
Vs. Industry Facilitation Council and Another, reported in
AIR 2006 SC 3252, the apex Court has held that provisions of
Section 22 of the SICA shall prevail for the Section 10 of the
Act of 1993 but now the situation has changed as the entire
SICA Act 1985 has been repealed w.e.f 01.12.2016 and BIFR
and AIFR have been dissolved, therefore, the decree in favour
of the respondent under Sick Industrial Companies (Special
Provisions) Act, 1985 can be executed against the petitioner
without any impediment.