Carry forward of sick company losses

I THINK NO.... BUT WAIT FOR EXPERTS ADVICE

yupp... if they filed the return within the due date specified u/s 139(1) OR (3)

Agree with Yogesh, if he is filed return within due date of filling, i.e. that return should not be belated return.

As per sec 139 loss can be set off only in the case of return filled within due date