Winding Up/Insolvency petition

[Basha AbdulRazack]

Sir,

Please let us know the limitation (time Limit) for claiming due payment from Private Limited company under the winding up/Insolvency clause.

Payment Due in the year 2009-10.

Thank you.

[DR.MARIAPPAN GOVINDARAJAN]

Whether the winding up process is still there? The claim should be filed within the time stipulated by the Official Liquidator.

AI Summary

Limitation for creditor claims in insolvency: file within the period fixed by the Official Liquidator to preserve the claim.
Creditors must present claims for payments due prior to winding up within the deadlines fixed by the Official Liquidator; confirm whether winding up remains in effect and obtain the specific filing period from the liquidator handling the insolvency.