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[Cites 0, Cited by 0] [Section 253] [Entire Act]

Union of India - Subsection

Section 253(9) in The Companies Act, 2013

(9)If the Tribunal deems fit under sub-section (8) that it is practicable for a sick company to pay its debts referred to in that sub-section within a reasonable time, the Tribunal shall, by order 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 repayment of the debt.