https://www.taxtmi.com/caselaws?id=100313 The court determined that the official liquidator's actions in recovering debts, even under an arrangement with a bank, were considered to be on behalf of the company, entitling the company to the extended limitation period under section 458A of the Companies Act, 1956. The court affirmed the liquidator's authority to collect debts and clarified that the liquidator could act for secured creditors with their consent. Additionally, the requirement for maintaining separate accounts by the liquidator was deemed permissible. The appeals were allowed, and the cases were remanded for further consideration, with the respondents denied leave to appeal to the Supreme Court. en-us Fri, 05 Feb 1982 00:00:00 +0530 Tue, 31 Jan 2012 18:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100313 The court determined that the official liquidator's actions in recovering debts, even under an arrangement with a bank, were considered to be on behalf of the company, entitling the company to the extended limitation period under section 458A of the Companies Act, 1956. The court affirmed the liquidator's authority to collect debts and clarified that the liquidator could act for secured creditors with their consent. Additionally, the requirement for maintaining separate accounts by the liquidator was deemed permissible. The appeals were allowed, and the cases were remanded for further consideration, with the respondents denied leave to appeal to the Supreme Court. Case-Laws Companies Law Fri, 05 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100313