https://www.taxtmi.com/caselaws?id=99678 A winding-up petition filed by the Registrar of Companies was held to be time-barred under Article 137 of the Limitation Act, 1963. The right to apply for winding up was treated as accruing on the date sanction for institution of the proceedings was obtained under section 439(5) of the Companies Act, 1956. Limitation therefore began on that date and expired three years later. As the petition was presented more than five years after the sanction, it could not be regarded as filed within time and was not entertainable. en-us Thu, 20 Jul 1978 00:00:00 +0530 Sat, 28 Jan 2012 12:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99678 A winding-up petition filed by the Registrar of Companies was held to be time-barred under Article 137 of the Limitation Act, 1963. The right to apply for winding up was treated as accruing on the date sanction for institution of the proceedings was obtained under section 439(5) of the Companies Act, 1956. Limitation therefore began on that date and expired three years later. As the petition was presented more than five years after the sanction, it could not be regarded as filed within time and was not entertainable. Case-Laws Companies Law Thu, 20 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99678