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Exclusion of stay period in limitation when a revival application is pending, so paused time is not counted in limitation. When an application is made to the Tribunal for determination that a company is sick under the revival and rehabilitation provisions, the time during which the Tribunal's stay order is in effect must be excluded from the computation of any period of limitation for suits or applications in the company's name, notwithstanding the Limitation Act or other law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Exclusion of stay period in limitation when a revival application is pending, so paused time is not counted in limitation.</h1> When an application is made to the Tribunal for determination that a company is sick under the revival and rehabilitation provisions, the time during which the Tribunal's stay order is in effect must be excluded from the computation of any period of limitation for suits or applications in the company's name, notwithstanding the Limitation Act or other law.
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