https://www.taxtmi.com/caselaws?id=99943 An official liquidator's recovery claim under section 446(2)(b) of the Companies Act, 1956 was treated as an enforceable claim governed by the residuary Article 137 of the Limitation Act, 1963. Limitation was held to begin when the right to apply accrued on the winding-up order, subject to exclusion of the period between presentation of the winding-up petition and the winding-up order, together with the additional statutory year under section 458A of the Companies Act, 1956. On that computation, the application filed on 22 August 1980 was within time and not barred by limitation. en-us Fri, 20 Mar 1981 00:00:00 +0530 Mon, 30 Jan 2012 16:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99943 An official liquidator's recovery claim under section 446(2)(b) of the Companies Act, 1956 was treated as an enforceable claim governed by the residuary Article 137 of the Limitation Act, 1963. Limitation was held to begin when the right to apply accrued on the winding-up order, subject to exclusion of the period between presentation of the winding-up petition and the winding-up order, together with the additional statutory year under section 458A of the Companies Act, 1956. On that computation, the application filed on 22 August 1980 was within time and not barred by limitation. Case-Laws Companies Law Fri, 20 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99943