https://www.taxtmi.com/caselaws?id=97909 A creditor's claim is provable in a company winding up if it was not time-barred on the presentation date of the winding up petition; the winding up is deemed to commence on that presentation date and debts not barred then remain provable even if barred later. The provincial insolvency rules are imported for provable debts and contingent liabilities, and the Limitation Act Explanation that advances suit-institution dates does not displace the rule that gives retrospective effect to the petition date. Operatively, the claim must be admitted as within time. en-us Fri, 05 Jan 1962 00:00:00 +0530 Wed, 18 Jan 2012 15:28:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97909 A creditor's claim is provable in a company winding up if it was not time-barred on the presentation date of the winding up petition; the winding up is deemed to commence on that presentation date and debts not barred then remain provable even if barred later. The provincial insolvency rules are imported for provable debts and contingent liabilities, and the Limitation Act Explanation that advances suit-institution dates does not displace the rule that gives retrospective effect to the petition date. Operatively, the claim must be admitted as within time. Case-Laws Companies Law Fri, 05 Jan 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97909