Section 424C(2) in The Companies (Second Amendment) Act, 2002
(2)If the Tribunal decides under sub- section (1) that it is practicable for a sick industrial company to make its net worth exceed the accumulated losses or pay its debt referred to in that sub- section within a reasonable time, the Tribunal shall, by or er in writing and subject to such restrictions or conditions as may be specified in the order, give such time to the company as it may deem fit to make its net worth exceed the accumulated losses or make repayment of the debts.
