Acts stand
repealed. In any case, it was submitted, overriding provision
of SICA, would prevail over the other laws. It was also
submitted that ... parties centers around two issues;
(1) (i) applicability of provisions of SICA and (ii) effect of
direction issued by the BIFR and (2) Applicability
13529/2015 JUDGMENT
[Special Provisions] Act, 1985 [for short, `SICA,
1985], recovery against the guarantors viz.
defendant Nos. 2 and 3 is prohibited ... Industries Limited v. Arihant Threads
Limited & Ors. [AIR 2015 SC 498], SICA, 1985 has
primacy over the RDDB Act, 1993 and particularly
Section
provisions of the Sick Industrial Companies (Special Provisions) Act, 1985 ("the SICA" or "the Act" for short). The petitions involve ... entitle the petitioner to protection under Section 22 of the SICA ; and
(ii) if yes, whether the petitioner is entitled to the protection under Section
Sick Industrial Companies (Special Provisions) Act, 1985 (for short 'SICA') that it is just and equitable to wind up respondent-company, namely, Unity ... filed by the petitioner seeking for declaration that section 20 of the SICA is ultra vires, and unconstitutional and is violative of article
Sick & Industrial Companies
(Special Provision) Act, 1985 (since repealed) [SICA]
before The Board for Industrial and Financial
Reconstruction [BIFR]. The said Reference was registered ... Original Application in view of bar under Section 22 of
SICA. Hereto annexed and marked at Exhibit "D" is a
copy
Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as `SICA' for short), a scheme was sanctioned for the revival of respondent ... respondent no.2 mill was provided for as per the provisions of `SICA' and the provision was made for retrenchment of 659 permanent employees
fact that respondent no.1 was
declared Sick under the provisions of SICA, factum of BIFR
proceedings and the orders passed by the BIFR ... company was entitled to be
deregistered from the purview of SICA and order dated 13.09.2004
passed by the BIFR was quashed and set aside
situation between Sick
Industrial Company's Special Provisions Act, 1985 ( SICA for
short) and the Interest on Delayed Payments to Small Scale &
Ancillary ... company
declared to be sick in terms of the provisions of SICA, continuous to
be sick unless it is directed to be wound up. Till
short PPL )
filed reference before BIFR under Section 15 (1) of the SICA, 1985,
which was registered as No.291 of 2001 and ICICI Bank ... Section 15 of Sick Industrial Companies
(Special Provisions) Act, 1985 ( in short SICA Act, 1985 )
reference pending before the Hon'ble Bench stood abated
accused no.4-Company had filed Reference under Section 15 of the SICA (Sick Industrial Companies Act) before the BIFR. Therefore, the learned Magistrate ought ... filing of proceedings by the Company under Section 50 of the SICA is also a question. it is further argued that it was open
