Suspension of liabilities suspends enforcement proceedings including section 58A(9) until the relief undertaking notification ends. Where a relief undertaking is notified under a State or Central relief enactment, monetary liabilities and remedies accrued before declaration are suspended and all pending proceedings, including enforcement proceedings under the Companies Act provision referenced, are stayed for the notified period; action under that Companies Act enforcement provision may be taken only after the relief notification expires.
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.
Suspension of liabilities suspends enforcement proceedings including section 58A(9) until the relief undertaking notification ends.
Where a relief undertaking is notified under a State or Central relief enactment, monetary liabilities and remedies accrued before declaration are suspended and all pending proceedings, including enforcement proceedings under the Companies Act provision referenced, are stayed for the notified period; action under that Companies Act enforcement provision may be taken only after the relief notification expires.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
