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 (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
3
(Special Provisions) Act, 1985 (hereinafter
referred to `SICA') had been initiated. On
April 28, 1994, the Board of Industrial ... passed by the Board would be dealt with
under Section 33 of SICA.
4. It is also the case of the appellant
that without issuing
Sick Industrial Companies (Special Provisions) Act, 1985 (in short SICA) declaring out a sick company could bar the institution of criminal complaint against the company ... could be pursued notwithstanding the ban contained in Section 22 of the SICA. Hence the legal principal adumbrated in the said decision
Sick Industrial Companies (Special Provision) Act, 1985 (hereinafter referred to as 'SICA').
The petitioners' case is that it was engaged ... BIFR') by an application under Section 15(1) of the SICA on 7.10.2005 in the requisite form. Initially the BIFR refused to register
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
Sick Industrial Companies (Special Provisions) Act, 1985 (for short 'SICA) to approach the appropriate High Court for submitting a scheme of arrangement/compromise ... granting permission to the respondent-company suffers from an illegality inasmuch as SICA is a special enactment no authority including the High Court exercising powers
Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as SICA), which reads as follows:
15. Reference to Board.-- (1) When an industrial company ... Industrial and Financial Reconstruction (BIFR) under Section 15(1) of the SICA leading to registration of case No. 183/2000. By order dated 15th November
Sick Industrial Companies (Special Provisions), Act,
1985 (for short `the SICA') on 23.6.2005. The petitioner is also registered
with the Provident Fund Commissioner, Rohtak ... liable to be stayed in terms of Section 22 of the
SICA. Learned counsel for the petitioner relies upon a Single Bench
judgment of Madras
Sick Industrial Companies Act, 1985 (hereinafter referred to as "SICA Act" ) which was registered with Board for Industrial and Financial Reconstruction (hereinafter referred ... remain stayed in pursuance of Section 22(1) of the SICA Act. Upon issuance of notice of motion, the respondents appeared and contested the claim
