https://www.taxtmi.com/caselaws?id=98638 The court dismissed the official liquidator's claim against a former director for a debt owed to the company, amounting to Rs. 2,902.77. Despite the debt originating during the director's tenure, it was deemed time-barred by the date of liquidation in 1966 due to lack of pursuit or maintenance. The court broadly interpreted the term "officer or employee" under section 468 of the Companies Act to include ex-officers or ex-employees, yet emphasized the importance of adhering to the law of limitation, preventing enforcement of the debt post liquidation. en-us Tue, 29 Apr 1969 00:00:00 +0530 Sat, 21 Jan 2012 13:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98638 The court dismissed the official liquidator's claim against a former director for a debt owed to the company, amounting to Rs. 2,902.77. Despite the debt originating during the director's tenure, it was deemed time-barred by the date of liquidation in 1966 due to lack of pursuit or maintenance. The court broadly interpreted the term "officer or employee" under section 468 of the Companies Act to include ex-officers or ex-employees, yet emphasized the importance of adhering to the law of limitation, preventing enforcement of the debt post liquidation. Case-Laws Companies Law Tue, 29 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98638