Indian Kanoon - Search engine for Indian Law

subject such as Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), Recovery of Debts due to Banks and Financial Institutions Act, 1993 and Securities Contracts

Sick Industrial Companies (Special Provisions) Act, 1985 (for short 'SICA') before the expiry of the period for payment of the cheque amount ... interaction with the relevant provisions of SICA. Since the relevant facts involved in all the cases are similar and a common question of law arises

approval of BIFR as the company is now under the purview of SICA. (v) The company shall submit a copy of the clearance stated ... secured creditors are directed u/s 22(1) of SICA not to take any coercive action against the company without prior permission of BIFR

provisions of the Sick Industrial Companies (Special provisions) Act, 1984 (SICA) vis-`-vis the Companies Act, 1956 (1956 Act) is in question in this appeal ... rupees. There were other secured and unsecured creditors also. Proceedings under SICA 2 4. Respondent being unable to pay the dues made a reference

Sick Industrial Companies (Special Provisions) Act, 1985 (referred to as SICA) is in issue in these appeals. The Pradeshiya Industrial and Investment Corporation ... Financial Reconstruction (BIFR) in terms of Section 3(1)(o) of the SICA. The BIFR appointed IFCI as the operating agency under Section

envisaged in the Sick Industrial Companies (Special Provisions) Act, 1985 , ('SICA' for short). They maintained the stand that when proceedings are pending before ... When proceedings were pending before the BIFR under Section 16 of the SICA a declaration was made by the order passed by the BIFR

Sick Industrial Companies (Special Provisions) Act, 1985 (hereafter referred to as `SICA'), no recovery proceedings could be effected against the first respondent- Company ... Board of Industrial Finance & Reconstruction (`BIFR' for short) under SICA which was registered as BIFR Case No. 4 of 2006. On February

Sick Industrial Companies (Special Provisions) Act, 1985 (hereafter referred to as `SICA') no recovery proceedings could be effected against Respondent ... appellant. 9. On 21.12.05, the Company invoked the provisions of SICA. It filed a Reference before the Board of Industrial Finance & Reconstruction (`BIFR

Sick Industrial Companies (Special Provisions) Act, 1985 (for short, 'SICA'). Background Facts : A sum of Rs.5,00,00,000 (Rupees five crores ... respondent in the meanwhile made a reference under Section 15 of SICA to the Board for Industrial and Financial Reconstruction (for short, 'the Board

Sick Industrial Companies (Special Provisions) Act, 1985 (for short, 'SICA'). It is not in dispute that virtually all its assets had been placed ... company in terms of sub-section (4) of Section 20 of SICA and, thus, it was BIFR alone which could issue a direction as regard