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    <title>1965 (5) TMI 28 - HIGH COURT OF PUNJAB</title>
    <link>https://www.taxtmi.com/caselaws?id=98228</link>
    <description>Section 185 permits the liquidator, after a winding up order, to require delivery of money held by persons who received it in their capacity as company officers even if they ceased to be officers before the application; the decisive fact is the recipient&#039;s status when the funds were received. An application under section 185 is a summary protective remedy to recover company property and does not attract the ordinary limitation rules applicable to ordinary debt claims; consequently the liquidator&#039;s application is not time barred and payment to the official liquidator may be compelled.</description>
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    <pubDate>Thu, 27 May 1965 00:00:00 +0530</pubDate>
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      <title>1965 (5) TMI 28 - HIGH COURT OF PUNJAB</title>
      <link>https://www.taxtmi.com/caselaws?id=98228</link>
      <description>Section 185 permits the liquidator, after a winding up order, to require delivery of money held by persons who received it in their capacity as company officers even if they ceased to be officers before the application; the decisive fact is the recipient&#039;s status when the funds were received. An application under section 185 is a summary protective remedy to recover company property and does not attract the ordinary limitation rules applicable to ordinary debt claims; consequently the liquidator&#039;s application is not time barred and payment to the official liquidator may be compelled.</description>
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      <pubDate>Thu, 27 May 1965 00:00:00 +0530</pubDate>
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