https://www.taxtmi.com/caselaws?id=97109 Section 45F governed limitation for suits or applications by a banking company in liquidation, but it did not itself confer a right on the liquidator to recover ordinary debts by application to the Company Judge. The Court distinguished the summary remedy available for recovery from contributories from recovery of debts due from debtors, for which no corresponding statutory procedure existed. In the absence of framed rules authorising such an application, the liquidator was required to proceed by ordinary suit, with limitation determined under the Limitation Act read with section 45F. The application for recovery was therefore not maintainable. en-us Thu, 24 Aug 1950 00:00:00 +0530 Sat, 14 Jan 2012 10:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97109 Section 45F governed limitation for suits or applications by a banking company in liquidation, but it did not itself confer a right on the liquidator to recover ordinary debts by application to the Company Judge. The Court distinguished the summary remedy available for recovery from contributories from recovery of debts due from debtors, for which no corresponding statutory procedure existed. In the absence of framed rules authorising such an application, the liquidator was required to proceed by ordinary suit, with limitation determined under the Limitation Act read with section 45F. The application for recovery was therefore not maintainable. Case-Laws Companies Law Thu, 24 Aug 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97109