https://www.taxtmi.com/caselaws?id=99545 A claim petition under section 446(2)(b) of the Companies Act, 1956 was held to lie only for a claim that is legally enforceable at law, not a dead or stale claim. The court applied article 137 of the Limitation Act, 1963 to such a petition and held that limitation must be tested from the date of the winding-up order, with the benefit of exclusion of time under section 458A of the Companies Act, 1956. On merits, documentary evidence and the ex-director's statement supported the claim for price of goods, rent and return of cylinders, and the findings on liability were affirmed. en-us Fri, 02 Dec 1977 00:00:00 +0530 Fri, 27 Jan 2012 17:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99545 A claim petition under section 446(2)(b) of the Companies Act, 1956 was held to lie only for a claim that is legally enforceable at law, not a dead or stale claim. The court applied article 137 of the Limitation Act, 1963 to such a petition and held that limitation must be tested from the date of the winding-up order, with the benefit of exclusion of time under section 458A of the Companies Act, 1956. On merits, documentary evidence and the ex-director's statement supported the claim for price of goods, rent and return of cylinders, and the findings on liability were affirmed. Case-Laws Companies Law Fri, 02 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99545