https://www.taxtmi.com/acts?id=12807 The Tribunal, after inquiry, must decide whether a company is a sick industrial company and whether it is practicable to restore net worth above accumulated losses or enable repayment of specified debts. If practicable, the Tribunal issues a written order granting time with conditions for revival or repayment. If impracticable and public interest requires, the Tribunal may direct an operating agency to prepare a scheme for prescribed measures and retains power to review or modify orders where restrictions are breached, revival fails, or on agency submission. en-us Tue, 17 May 2011 12:21:15 +0530 Tue, 17 May 2011 12:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12807 The Tribunal, after inquiry, must decide whether a company is a sick industrial company and whether it is practicable to restore net worth above accumulated losses or enable repayment of specified debts. If practicable, the Tribunal issues a written order granting time with conditions for revival or repayment. If impracticable and public interest requires, the Tribunal may direct an operating agency to prepare a scheme for prescribed measures and retains power to review or modify orders where restrictions are breached, revival fails, or on agency submission. Act-Rules Companies Law Tue, 17 May 2011 12:21:15 +0530 https://www.taxtmi.com/acts?id=12807