https://www.taxtmi.com/caselaws?id=97895 Expiry of the limitation period under Article 112 bars the remedy of a suit but does not extinguish a shareholder's statutory liability to pay unpaid calls that arises on a winding up order; the liquidator may enforce calls as statutory liabilities. A time limited relief provision with a ten year operative life cannot be extended by construing the saving clause to cover failure to apply within that period, so no relief is available after expiry. en-us Thu, 16 Nov 1961 00:00:00 +0530 Wed, 18 Jan 2012 15:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97895 Expiry of the limitation period under Article 112 bars the remedy of a suit but does not extinguish a shareholder's statutory liability to pay unpaid calls that arises on a winding up order; the liquidator may enforce calls as statutory liabilities. A time limited relief provision with a ten year operative life cannot be extended by construing the saving clause to cover failure to apply within that period, so no relief is available after expiry. Case-Laws Companies Law Thu, 16 Nov 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97895