https://www.taxtmi.com/caselaws?id=99051 A claim for recovery on a promissory note was held time-barred because the three-year limitation period had expired from the date of execution. Only the period attributable to the winding up proceedings, together with the additional exclusion allowed under section 458A of the Companies Act, 1956, could be excluded. The actual time taken to file the claim petition still exceeded the permissible excluded period, and no further extension was available in the absence of a plea under sections 19 or 20 of the Limitation Act, 1963. The claim petition was dismissed with costs. en-us Fri, 24 Aug 1973 00:00:00 +0530 Wed, 25 Jan 2012 10:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99051 A claim for recovery on a promissory note was held time-barred because the three-year limitation period had expired from the date of execution. Only the period attributable to the winding up proceedings, together with the additional exclusion allowed under section 458A of the Companies Act, 1956, could be excluded. The actual time taken to file the claim petition still exceeded the permissible excluded period, and no further extension was available in the absence of a plea under sections 19 or 20 of the Limitation Act, 1963. The claim petition was dismissed with costs. Case-Laws Companies Law Fri, 24 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99051