Sick Industrial Companies (Special Provisions) Act, 1985 : SAVING OF PENDING PROCEEDINGS Indian Bare Acts :

Sick Industrial Companies (Special Provisions) Act, 1985,1986

Act No : 1

Section : SAVING OF PENDING PROCEEDINGS

SECTION 31: SAVING OF PENDING PROCEEDINGS

Where a receiver or an official liquidator has been appointed in any proceeding pending immediately before the commencement of this Act, in any High Court for winding up of an industrial company, such proceeding shall not abate but continue in that High Court 40[and no proceeding in respect of such industrial company shall lie or be proceeded with further before the Board].