2008 (8) TMI 223

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..... istress action, apparently, falls within the purview of Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 – therefore, revenue have to get appropriate orders from the BIFR in terms of the SICA - 5244 of 2004 - - - Dated:- 11-8-2008 - THOTTATHIL B.RADHAKRISHNAN, J. Shri M. Pathrose Matthai, SR, for the Respondent. [JUDGMENT]. -This writ petition is filed by th .....

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..... overy of a liability due from the first respondent company to the Union of India in terms of the provisions of the Customs Act. Such distress action, apparently, falls within the purview of Sub-section (1) of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, hereinafter, the 'SICA', for short. It is submitted by the second respondent that from 2001, the bank guarantee has .....

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