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 ... Summary
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.
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