law: Sick Industrial Companies (Special Provisions) Act, 1985
  19. Rehabilitation by giving financial assistance 
  (1) Where the scheme relates to preventive, ameliorative,
  
  remedial and other measures with respect to any sick industrial company, the
  
  scheme may provide for financial assistance by way of loans, advances or
  
  guarantees or relief’s or concessions or sacrifices from the Central
  
  Government, a State Government, any scheduled bank or other bank, a public
  
  financial institution or State level institution or any institution or other
  
  authority (any government, bank, institution or other authority required by a
  
  scheme to provide for such financial assistance being hereafter in this section
  
  referred to as the person required by the scheme to provide financial
  
  assistance) to the sick industrial company.
  (2) Every scheme referred to in sub-section (1) shall be
  
  circulated to every person required by the scheme to provide financial
  
  assistance for his consent within a period of sixty days from the date of such
  
  circulation 2[or within such further period, not exceeding sixty
  
  days, as may be allowed by the Board, and if no consent is received within such
  
  period or further period, it shall be deemed that consent has been given.]
  (3) Where in respect of any scheme the consent referred to in
  
  sub-section (2) is given by every person required by the scheme to provide
  
  financial assistance, the Board may, as soon as may be, sanction the scheme and
  
  on and from the date of such sanction the scheme shall be binding on all
  
  concerned.
   24  [(3A) On the sanction of the scheme under sub-section (3),
  
  the financial institutions and the banks required to provide financial
  
  assistance shall designate by mutual agreement a financial institution and a
  
  bank from amongst themselves which shall be responsible to disburse financial
  
  assistance by way of loans or advances or guarantees or relief’s or concessions
  
  or sacrifices agreed to be provided or granted under the scheme on behalf of
  
  all financial institutions and banks concerned.
  (3B) The financial institution and the bank designated under
  
  sub-section (3A) shall forthwith proceed to release the financial assistance to
  
  the sick industrial company in fulfillment of the requirement in this regard.]
  (4) Where in respect of any scheme consent under sub-section (2)
  
  is not given by any person required by the scheme to provide financial
  
  assistance, the Board may adopt such other measures, including the winding up
  
  of the sick industrial company, as it may deem fit.