https://www.taxtmi.com/caselaws?id=99640 Limitation for an official liquidator's application under section 446 is computed under article 137 read with section 458A of the Companies Act. Delay may be condoned under section 5 of the Limitation Act where a bona fide belief, based on an unsettled legal position, constitutes sufficient cause. An incomplete or blank-signed hire-purchase agreement does not invalidate an admitted and acted-upon transaction. Allegations of fabricated accounts or vehicle repossession require reliable supporting evidence. Recovery is confined to hire-money advanced, incidental charges and interest proved by the evidence, rather than the full amount claimed. en-us Mon, 21 Aug 1978 00:00:00 +0530 Sat, 28 Jan 2012 11:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99640 Limitation for an official liquidator's application under section 446 is computed under article 137 read with section 458A of the Companies Act. Delay may be condoned under section 5 of the Limitation Act where a bona fide belief, based on an unsettled legal position, constitutes sufficient cause. An incomplete or blank-signed hire-purchase agreement does not invalidate an admitted and acted-upon transaction. Allegations of fabricated accounts or vehicle repossession require reliable supporting evidence. Recovery is confined to hire-money advanced, incidental charges and interest proved by the evidence, rather than the full amount claimed. Case-Laws Companies Law Mon, 21 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99640