https://www.taxtmi.com/caselaws?id=98235 A claim against a deceased bank director based on breach of fiduciary duty or breach of trust survives against the legal representatives, because it is not treated as a purely personal tort and the maxim actio personalis moritur cum persona does not apply. In banking-company liquidation proceedings, the special limitation regime under section 45-O was held to apply retrospectively to pending matters, and article 120 of the Limitation Act, 1908, governed the claim. On that basis, the liquidators' claim was not wholly time-barred, and the preliminary objections on maintainability, survivorship and limitation failed. en-us Tue, 10 Aug 1965 00:00:00 +0530 Thu, 19 Jan 2012 17:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98235 A claim against a deceased bank director based on breach of fiduciary duty or breach of trust survives against the legal representatives, because it is not treated as a purely personal tort and the maxim actio personalis moritur cum persona does not apply. In banking-company liquidation proceedings, the special limitation regime under section 45-O was held to apply retrospectively to pending matters, and article 120 of the Limitation Act, 1908, governed the claim. On that basis, the liquidators' claim was not wholly time-barred, and the preliminary objections on maintainability, survivorship and limitation failed. Case-Laws Companies Law Tue, 10 Aug 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98235