https://www.taxtmi.com/acts?id=17550 A statutory scheme allowed secured creditors and designated public authorities to apply to the Tribunal for a declaration that a company is sick and for revival measures; the Tribunal could grant interim stays on winding up, recovery and appoint receivers, and had to determine within a fixed period whether the company was sick and whether repayment or rehabilitation within a reasonable time was practicable, imposing time limits, conditions and restrictions while the company faced constraints on disposal of assets and board actions. en-us Sat, 02 Mar 2013 14:36:53 +0530 Fri, 12 Dec 2025 12:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17550 A statutory scheme allowed secured creditors and designated public authorities to apply to the Tribunal for a declaration that a company is sick and for revival measures; the Tribunal could grant interim stays on winding up, recovery and appoint receivers, and had to determine within a fixed period whether the company was sick and whether repayment or rehabilitation within a reasonable time was practicable, imposing time limits, conditions and restrictions while the company faced constraints on disposal of assets and board actions. Act-Rules Companies Law Sat, 02 Mar 2013 14:36:53 +0530 https://www.taxtmi.com/acts?id=17550