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Indian Steel and Wire Products Ltd. Vs. State of Jharkhand Through the ...

Court : Jharkhand

Subject : CivilSICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 22; Bihar Finance Act, 1981 - Sections 13(1); Central Sales Tax Act

Reported in : [2005(3)JCR116(Jhr)]

take any coercive measure for realising sales tax at the higher rate, having regard to the provisions of Section 22 of the 1985 Act and the Scheme sanctioned thereunder. - MOTOR VEHICLES ACT, 1988[C.A.No.59/1988] Section 166; [A.K. Patnaik, … of the petitioner is that although they had initially obtained Registration Certificate under Section 13(1)(b) of the Bihar Finance Act, 1981 and the same was renewed from time to time, its last application after sanction of the B.I.F.R. … Admittedly, the petitioner Company was declared to be a sick industry under the Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as '1985 Act') and a Scheme for rehabilitation was thereafter prepared and sanctioned and pursuant

M/S. Kotak Mahendra Finance Limited Vs. M/S. Deve Paints Limited

Court : Mumbai

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 22(1) and 27; Companies Act, 1956 - Sections 16, 17 and 25; Sick Industrial Companies (Special Provisions) Amendment Act, 1993 - Sections 22(1)

Reported in : AIR1997Bom401; 1997(3)ALLMR678; 1997(4)BomCR229; (1997)3BOMLR233; 1997(3)MhLj326

pendency of proceedings before the BIFR it is protected against all types of proceedings and attachments particularly under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (for short, 'Act of 1985'). Notices of motion were … 85/97 and 86/97 have been preferred by original defendant M/s. Kotak Mahendra Finance Limited, while appeal Nos. 87-97 and 88/97 have been filed by original … the Board for Industrial & Financial Reconstruction (BIFR) under, the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985. On 25-9-1995 the BIFR declared the lessee company as a sick unit and appointed the Industrial Development Bank

Ved Prakash Agarwal Vs. Rama Petrochemicals Ltd.

Court : Mumbai

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 22 and 22(1); Sick Industrial Companies (Special Provisions) (Amendment) Act, 1994

Reported in : 2004(3)ALLMR5; IV(2004)BC232; 2004(4)BomCR578; [2004]122CompCas8(Bom); 2005(1)MhLj599; [2004]56SCL116(Bom)

the guarantor (appellant) in view of the provisions of Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as 'SICA'). However, in this appeal, it has been additionally argued that the lease finance

Moti Prasad Agrawal and ors. Vs. Prabandh Nideshak, Pradeshiya Industr ...

Court : Allahabad

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 22; Constitution of India - Articles 15(3), 15(4) and 16(4)

Reported in : [2002(94)FLR827]; [2003]44SCL536(All); (2002)2UPLBEC1942

company has approached the Board of Industrial and Finance Reconstruction (B.I.F.R.) under the Sick Industrial Companies (Special Provisions) Act, 1985. 4. In paragraph 7 of the petition, it is stated that the Board of Industrial and Finance Reconstruction … petition. The petitioner sent a reply dated 5.3.2002 vide Annexure-5 to the petition.6. The petitioners have relied on Section 22 of the Act, which states : 'Suspension of legal proceedings, contracts etc. Where in respect of an industrial

industrial Development Corporation Orissa Limited and anr. Vs. Regiona ...

Court : Orissa

Subject : Labour and Industrial

Acts : Sick Industrial Company's (Special Provisions) Act, 1985 - Sections 22, 22(1) and 25; Employees' Provident Fund Act, 1952; Miscellaneous Provisions Act; Companies Act, 1956 - Sections 4 and 34

Reported in : [2002]112CompCas527(Orissa); [2002(92)FLR945]; 2001(II)OLR593

petitioner No. 2 and the pendency of the appeal before the BIFR were informed. It is averred that Section 22 of the Sick Industrial Company's Act, 1985 (hereinafter called as 'the SIC Act') prohibits any action of legal … stand abated till final decision is taken by the Board of Industrial Finance and Reconstruction under the SIC Act in view of the provision of … Industrial and Financial Reconstruction (hereinafter called 'B.I.F.R.') and under the provisions of the Sick Industrial Company's (Special Provisions) Act, 1985, declared the company as a sick unit by order dated 25.9.1996, copy of which is Annexure-1. The BIFR

Chhaparia Industries Pvt. Ltd. Vs. Overseas Polymers Pvt. Ltd.

Court : Mumbai

Subject : Land Acquisition

not to proceed in view of the provisions of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (for short "SICA"). The learned Single Judge taking into consideration the rival contentions, by the impugned order, has … Court has observed thus: "... ... ... Therefore, in our view, the High Court of Allahabad in Industrial Finance Corporation vs. Maharashtra Steels Ltd. (1990) 67 Comp. Cas 412 (All), the High Court of Andhra Pradesh in

Chhaparia Industries Pvt. Ltd. Vs. Overseas Polymers Pvt. Ltd.

Court : Mumbai

Subject : Land Acquisition

not to proceed in view of the provisions of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (for short "SICA"). The learned Single Judge taking into consideration the rival contentions, by the impugned order, has … Court has observed thus: "... ... ... Therefore, in our view, the High Court of Allahabad in Industrial Finance Corporation vs. Maharashtra Steels Ltd. (1990) 67 Comp. Cas 412 (All), the High Court of Andhra Pradesh in

Space Capital Service Ltd. Vs. Prakash Industries Ltd. and ors.

Court : Delhi

Subject : Arbitration

Acts : Arbitration and Conciliation Act, 1996 - Sections 9; Sick Industrial Companies (Special Provision) Act, 1985 - Sections 22

Reported in : 2000VAD(Delhi)476; [2000]101CompCas437(Delhi)

of a Receiver is hit by the provisions of Section 22 of the Sick Industrial Companies (Special Provision) Act, 1985 (hereinafter referred to as the said Act). 2. The learned counsel for the petitioner has relied upon a … petitioner has relied upon a judgment of the learned Single Judge of this Court in M/s Credit Capital Finance Corporation Vs . M/s Foremost Industries Limited : AIR1996Delhi310 . Construing the judgment of Chamundi Mopeds (supra), the

B.K. Kapur Vs. P.D. Gupta

Court : Delhi

Subject : SICATenancy

Acts : Companies Act, 1956 - Sections 446; Constitution of India - Article 227; Delhi Rent Control Act, 1958 - Sections 21; Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 22; Indian Contract Act, 1872 - Sections 23

Reported in : 1996IIAD(Delhi)209; 1996(37)DRJ207

provisions) Act 1985, (hereinafter referred to as the SICA) on 15th July 1989 to the Board for Industrial Finance Reconstruction (for short BIFR) for declaration of the respondent company as a sick industrial company. Under Section 16 … contrary to law and unenforceable Under Section 23 of Contract Act, 1872--Objection not maintainable.Sick Industrial Companies (Special Provisions) Act, 1985 Section 22--Stay of proceedings--Effect on eviction proceedings under Delhi Rent Control Act, 1958--Lease hold interest of a sick company

Ajanta Infrastructures Ltd. Vs. Pennar Steels Ltd. and ors.

Court : Chennai

Subject : CivilSICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 3(1), 16, 17, 17(3), 18, 18(2), 22, 22(1) and 25; Companies Act, 1956; Presidency Towns Insolvency Act, 1909; Code of Civil Procedure (CPC) - Sections 21, 47 and 151

Reported in : [2009]152CompCas249(Mad); (2009)5MLJ344

of 1993, the BIFR proceedings were pending and under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to 'the Act') the decree itself is void and cannot be executed. Even though the said … in support of his contention relied on a decision reported in Sivananda Steels Ltd. v. India Cements Capital Finance Ltd. : [2004] 1 CTC 346, wherein the relevant observation at paragraph 9 is as follows:A cursory reading