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    <title>1987 (3) TMI 441 - HIGH COURT OF MADRAS</title>
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    <description>A money claim by an official liquidator can be pursued by application before the company court under section 446(2)(b) because the provision confers concurrent jurisdiction and the term &quot;claim&quot; covers actionable money claims or debts; the liquidator is not confined to a regular suit. Limitation depends on the substantive nature of the claim, not the form of proceeding, so the suit article applicable to that claim governs, with time computed after excluding the period under section 458A. Article 137 is only residuary and does not automatically apply to every liquidator&#039;s application. On the facts, article 18 applied and the claim was time-barred.</description>
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    <pubDate>Mon, 09 Mar 1987 00:00:00 +0530</pubDate>
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      <title>1987 (3) TMI 441 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=101475</link>
      <description>A money claim by an official liquidator can be pursued by application before the company court under section 446(2)(b) because the provision confers concurrent jurisdiction and the term &quot;claim&quot; covers actionable money claims or debts; the liquidator is not confined to a regular suit. Limitation depends on the substantive nature of the claim, not the form of proceeding, so the suit article applicable to that claim governs, with time computed after excluding the period under section 458A. Article 137 is only residuary and does not automatically apply to every liquidator&#039;s application. On the facts, article 18 applied and the claim was time-barred.</description>
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      <pubDate>Mon, 09 Mar 1987 00:00:00 +0530</pubDate>
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