https://www.taxtmi.com/caselaws?id=100158 The High Court allowed the appeal, setting aside the lower court's order and ruling in favor of the appellant. The court held that the claim for recovery against the former managing director's wife was barred by limitation as the account did not demonstrate the necessary mutuality required by the law. The judgment emphasized the significance of mutual, open, and current accounts in determining limitation periods under the law. en-us Thu, 03 Sep 1981 00:00:00 +0530 Tue, 31 Jan 2012 13:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100158 The High Court allowed the appeal, setting aside the lower court's order and ruling in favor of the appellant. The court held that the claim for recovery against the former managing director's wife was barred by limitation as the account did not demonstrate the necessary mutuality required by the law. The judgment emphasized the significance of mutual, open, and current accounts in determining limitation periods under the law. Case-Laws Companies Law Thu, 03 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100158