Remmuneration to directors in case of continues delay in loan repayments

Prathamesh Pawar (IPCC student) (41 Points)

24 November 2019  
A profit making company who is delaying in bank loan repayments and interests thereon cannot pay remuneration to their directors until it streamline its repayment process as per its repayment schedule

Is it true?
if yes, please provide the section or rules for reference where the same has been mentioned.