Sick Industrial Companies (Special Provisions) Act, 1985 (for short SICA 1985) and the decree cannot be executed against their estate without obtaining permission of BIFR ... plaintiffs have contended that under the provisions of section 22 of the SICA 1985, the guarantors cannot plead that the proceedings against them have
Sick Industrial Companies (Special Provisions) Act, 1985 (for
short the SICA) came to be repealed. Simultaneously, the Insolvency and
Bankruptcy Code, 2016 (for short ... RELEVANT PROVISIONS OF STATUTES:
9. Chapter III of the SICA refers to references, inquiries and
schemes. Section 18 refers to preparation and sanction of schemes
Financial Reconstruction (BIFR) under Sick
Industrial Companies (Special Provisions) Act, 1985 (SICA).
Gauri Gaekwad
::: Uploaded on - 06/01/2018 ::: Downloaded on - 07/01/2018 ... Provisions) Repeal Act, 2003, ("Repeal Act") was notified, and hence SICA
came to be repealed.
Simultaneously, Insolvency and Bankruptcy Code
Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as "SICA"). The contention is that section 22 of SICA provides that ... hereinafter referred to as "BIFR") or the Appellate Authority under SICA. Since no consent has been obtained from the BIFR, these proceedings would
Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as 'SICA') this Court ought not to exercise jurisdiction under section ... that whether in view of the provisions of Section 32 of SICA once the reference having been registered under section 15 whether this Court
Sick Industrial Companies (Special Provision) Act, 1985 , hereinafter referred to as "SICA". They were informed by letter dated 15th May, 2002 that ... where co-ordinate Benches have taken a view that the provisions of SICA and the Companies Act, in the matter of sanction of a scheme
provisions of Sick Industrial Companies (Special Provisions) Act, 1985
(for short 'SICA'), which was registered on 21st November, 2012. It is the case ... respondent has been registered under
BIFR under provisions 15(1) of SICA and requested for keeping the proceeding in
abeyance. Pursuant to the said
authority set up under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). It is contended that Ashok Organics Industries Ltd., has made a reference ... such circumstances and considering the overriding effect given to the enactment (SICA), vide Section 32 thereof, the present petition is not maintainable and this issue
Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as "SICA"). The contention is that Section 22 of SICA provides that ... hereinafter referred to as "BIFR") or the Appellate Authority under SICA. Since no consent has been obtained from the BIFR, these proceedings would
Sick Industrial Companies (Special Provisions) Act, 1985 (for short SICA, 1985) and the decree cannot be executed against their estate without obtaining permission of BIFR ... court. They contended that under the provisions of section 22 of the SICA 1985, the guarantors cannot plead that the proceedings against them have
