The appellant took a stand before the High Court that it had been declared as a sick companypany by the Board for Industrial and Financial Reconstruction on 02/06/2000 and that in view of Section 22 of the Sick Industries Special Provisions Act, 1985, the appellant was protected from any companyrcive action for recovery of the dues.
2 On 19/02/2007 when the numberice was issued on the special leave petition, an interim order was passed for stay of the recovery proceedings, in view of the submission made that a Rehabilitation Scheme, as prepared by the Operating Agency, was under process.
