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<h1>High Court rules in favor of official liquidator for recovery of Rs. 9,901</h1> The High Court of Madras ruled in favor of the official liquidator for the recovery of Rs. 9,901 from the respondent. The claim was not barred by ... Winding up – Exclusion of certain time in computing periods of limitation The High Court of Madras ruled in favor of the official liquidator for the recovery of Rs. 9,901 from the respondent. The claim was not barred by limitation as per section 458A of the Companies Act, which excludes the period from the commencement of winding-up to the winding-up order, and one year after the order. The claim was found to be in time, and the court granted a decree in favor of the official liquidator.
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