Sick Industrial Companies (Special Provisions) Act, 1985 (for short the SICA).
The facts leading to these appeals are undisputed and need to be noted ... Industrial & Financial Reconstruction (BIFR) under Section 15(1) of the SICA. The said application of the appellant is registered as Case No.401/2001
sick, the third proviso inserted under Section 15(1) of SICA could not be invoked.
6. But the decision of the Division Bench ... amendment brought forth under proviso to Section 15 of SICA as to whether the action of the secured creditors, representing three-fourth in value
Sick Industrial Companies Act (in short 'SICA'), 1985. The losses suffered by the appellant Company during the Nineties resulted in default of payment ... this Unit as a Sick Unit under the relevant provisions of the SICA Act.
10. I further state that the Company has already submitted
Sick Industrial Companies (Special Provisions) Act, 1985 (for short, "the SICA"). The core contention of the learned Senior Counsel is that ... RDDBFI Act will only be in addition and not in derogation of SICA. Therefore, the provisions of Section 22 of SICA will prevail over
Sick Industrial Companies (Special Provision) Act 1985 (hereinafter referred to as "SICA"). Based on the said letter, the second respondent has expressed ... learned counsel for the petitioner that Section 22(1) of SICA cannot operate against an award made under the Workmen's Compensation Act (hereinafter
Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as 'SICA'). The assessee claimed deduction under section 43B of the Income ... facts of the case?
Secondly, whether the provisions of section 32 of SICA would override the effect on the provisions of section
Sick Industrial Companies (Special Provision Act), 1985 (hereinafter called SICA), this forum has no jurisdiction and hence the petitioner/decree holder was directed ... Consumer Forum returning the E.P. is illegal as Sec.22 of SICA will not apply to the execution petition filed under
2015, filed by Vasantha Mills
Limited. CLB held that Section 22 of SICA does not provide blanket
protection. It has to be exercised ... plea of stay of proceedings under
Section 22(1) of the SICA, 1985 on the ground that orders have
been reserved
2015, filed by Vasantha Mills
Limited. CLB held that Section 22 of SICA does not provide blanket
protection. It has to be exercised ... plea of stay of proceedings under
Section 22(1) of the SICA, 1985 on the ground that orders have
been reserved
paid under the cover of protection under sec. 22 of SICA. Therefore, the request of the company in not to collect the current taxes, relating ... nothing to do with the registration of reference under Sec. 15 of SICA in case Nos. 103/04 & 315/04. Actually
