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Section 31 – The Sick Industrial Companies Act, 1985

The Sick Industrial Companies Act, 1985

 

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 and no proceeding in respect of such industrial company shall lie or be proceeded with further before the Board.

 

 

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The Sick Industrial Companies Act, 1985

 

Indian Laws – Bare Acts

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