Author: A Nehaa, Student at DSNLU, Visakhapatnam
PROVSIONS INVOLVED
The sections at clashes comprised Section 22 of Sick Industrial Companies Act, 1985 (SICA), which enables for a pause of all processes on the borrower, and Section 34 of Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act), which states that the act has precedence.
