Limitation Period

Querist : Anonymous (Querist) 04 March 2011 This query is : Resolved

If i have given a loan to a company and the company has been recognised as a sick company. also my limitation period is about to get over. is their any way i can recover my loan from the sick company? please help asap!

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Chanchal Nag Chowdhury (Expert) 04 March 2011
U have not stated the stage & the conditions which have been attached to the sick Co.
Do not worry about limitation period as the 'sick' cover adequately takes care of that.Limitation ceases as long as the Co. is sick.

Querist : Anonymous (Querist) 07 March 2011
kindly elaborate on the last two lines.

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