Sick industrial Companies (Special Provisions) Act, 1985 (for short 'SICA').
FACTS:
3. The admitted fact is that the appellant had committed default ... whether having regard to the provisions of Section 22(1) of the SICA, the recovery proceedings could be stayed in view of the decisions
Sick Industrial
Companies (Special Provisions) Act, 1985 (hereinafter referred to as SICA). A reference was made to the Board for Industrial and Finance Reconstruction (BIFR ... fold of ICL. Adverting to the provisions of SICA the learned single Judge has held that the final scheme for the transfer of the Unit
Financial Reconstruction (BIFR) under Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).
3. BIFR sanctioned a rehabilitation scheme in case ... implementation. Therefore, by reason of Sub-section (1) of Section 22 of SICA, no proceedings for winding up of the respondent-company can be initiated
Sick Industrial Companies (Special Provisions) Act, 1985 (for short 'SICA'). The BIFR vide proceedings dated 24-9-1991 sanctioned a scheme for revival ... company itself ceased to be a sick company within the meaning of
SICA and as such the second respondent-BIFR has no jurisdiction to deal
prayer qua Clause 6.3.(v) and in terms of Section 25 of SICA and direct that Clause (f) and (g) therein should be deleted ... there is a Bar of jurisdiction as per Section 26 of the SICA and further since the petitioner has also filed an appeal before
provisions of Sick Industrial Companies (Special Provisions) Act,
1985 (for short SICA).
The petitioner was initially constituted as a partnership firm
in the year ... become sick
within the meaning of Section 3(o) of the SICA, the petitioner
submitted an application to the BIFR, under Section
Sick Industrial Companies
(Special Provisions) Act, 1985 (hereinafter referred to as SICA ).
3. Aggrieved by the orders passed by the BIFR, petitioner
company preferred Appeal ... that as per the provision
contained in Section 20(4) of the SICA, until winding up
proceedings are passed by the High Court, only BIFR
Sick Industrial Companies (Special Provision) Act , (1 of 1985) for short 'SICA', are that the company must be an industrial company ... BIFR, having regard to the bar engrafted under Section 22 of the SICA. It is appropriate here at the outset to consider the provision germane
Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as "SICA"), the company was duty bound to report the same ... declared a sick industry as defined under Section 2(o) of the SICA and the respondents were appointed as Operating Agency for preparing Rehabilitation Scheme
Section 16 of the Sick Industrial Companies (Special Provisions) Act, 1985 ("SICA" in short), the Bench of the BIFR, in its proceedings dated ... declared a sick industrial company under Section 3(1)(o) of SICA, that State Bank of India was appointed as the Operating Agency under Section
