https://www.taxtmi.com/caselaws?id=97704 Section 19 relief under the Displaced Persons (Debts Adjustment) Act remained available because the application was filed within the ten-year statutory period, so limitation did not bar the claim. Section 20 was held to apply only where a company is actually in winding up; the deeming fiction in section 441 of the Companies Act, 1956, was not imported, and the doctrines of relation back and mutual exclusivity of sections 19 and 20 were recognised. On that construction, the petitioner could still seek conversion of partly paid-up shares into fully paid-up shares even though the company was in liquidation. en-us Fri, 08 Apr 1960 00:00:00 +0530 Tue, 17 Jan 2012 17:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97704 Section 19 relief under the Displaced Persons (Debts Adjustment) Act remained available because the application was filed within the ten-year statutory period, so limitation did not bar the claim. Section 20 was held to apply only where a company is actually in winding up; the deeming fiction in section 441 of the Companies Act, 1956, was not imported, and the doctrines of relation back and mutual exclusivity of sections 19 and 20 were recognised. On that construction, the petitioner could still seek conversion of partly paid-up shares into fully paid-up shares even though the company was in liquidation. Case-Laws Companies Law Fri, 08 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97704