https://www.taxtmi.com/caselaws?id=97559 For compulsory winding up, the material date for limitation is the date of the winding up order, not the date of presentation of the petition; relation-back provisions do not extend limitation unless the statute expressly so provides, and claims time-barred as of the winding up order remain barred. Entries in a signed company balance-sheet and supporting loan schedules can constitute an acknowledgment of debt within the limitation law and thus extend limitation from the date of signing where parol or documentary evidence shows a claimant's debt is included. Applying these principles, several claimant debts were admitted as proved or within limitation by balance-sheet acknowledgment, while one claim was rejected as time-barred. en-us Wed, 08 Jan 1958 00:00:00 +0530 Tue, 17 Jan 2012 12:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97559 For compulsory winding up, the material date for limitation is the date of the winding up order, not the date of presentation of the petition; relation-back provisions do not extend limitation unless the statute expressly so provides, and claims time-barred as of the winding up order remain barred. Entries in a signed company balance-sheet and supporting loan schedules can constitute an acknowledgment of debt within the limitation law and thus extend limitation from the date of signing where parol or documentary evidence shows a claimant's debt is included. Applying these principles, several claimant debts were admitted as proved or within limitation by balance-sheet acknowledgment, while one claim was rejected as time-barred. Case-Laws Companies Law Wed, 08 Jan 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97559