https://www.taxtmi.com/caselaws?id=97559 In liquidation claims, limitation runs until the winding up order, not the date of presentation of the petition, because the statutory bar on proceedings operates only from the order and the relation-back fiction has a restricted scope. The decision also treats balance-sheet entries as acknowledgment of liability where they can be linked to identifiable creditors, thereby extending limitation from the date of signing. Claims supported by such acknowledgment were accepted as in time, while any claim already time-barred before the winding up order remained 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 In liquidation claims, limitation runs until the winding up order, not the date of presentation of the petition, because the statutory bar on proceedings operates only from the order and the relation-back fiction has a restricted scope. The decision also treats balance-sheet entries as acknowledgment of liability where they can be linked to identifiable creditors, thereby extending limitation from the date of signing. Claims supported by such acknowledgment were accepted as in time, while any claim already time-barred before the winding up order remained barred. Case-Laws Companies Law Wed, 08 Jan 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97559