Revival of sick companies: stay period excluded from limitation previously; provision omitted by insolvency reforms. The prior provision excluded from computation of limitation the period during which a Tribunal-ordered stay operated for any suit or application by a company seeking a determination as a sick company or at any stage thereafter; that exclusion has since been omitted by subsequent insolvency law reforms.
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Provisions expressly mentioned in the judgment/order text.
Revival of sick companies: stay period excluded from limitation previously; provision omitted by insolvency reforms.
The prior provision excluded from computation of limitation the period during which a Tribunal-ordered stay operated for any suit or application by a company seeking a determination as a sick company or at any stage thereafter; that exclusion has since been omitted by subsequent insolvency law reforms.
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