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The High Court of Punjab and Haryana issued a judgment in a case involving a limited company registered under the Companies Act, 1956, and the Haryana General Sales Tax Act, 1973. The company, being a sick industrial unit, had a pending inquiry before the Board for Industrial and Financial Reconstruction (BIFR). The court directed the respondents not to recover the assessed tax amount without prior permission from the BIFR until the inquiry is resolved or any scheme is prepared or sanctioned. The writ petition was disposed of with no costs.
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