https://www.taxtmi.com/caselaws?id=101637 For a liquidator's claim to recover unpaid call money, limitation under Article 137 of the Limitation Act, 1963 runs from the winding-up order, and section 458A of the Companies Act, 1956 requires exclusion of both the pre-order winding-up period and the one-year period after the order while computing time. On that basis, the claims were treated as within limitation. The article also notes that interest at twelve per cent was not supported by any company resolution authorising that rate; in the absence of such authority, only reasonable interest from the date of filing of the claim was justified, and the interest rate was reduced. en-us Thu, 14 Jul 1988 00:00:00 +0530 Fri, 10 Feb 2012 15:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101637 For a liquidator's claim to recover unpaid call money, limitation under Article 137 of the Limitation Act, 1963 runs from the winding-up order, and section 458A of the Companies Act, 1956 requires exclusion of both the pre-order winding-up period and the one-year period after the order while computing time. On that basis, the claims were treated as within limitation. The article also notes that interest at twelve per cent was not supported by any company resolution authorising that rate; in the absence of such authority, only reasonable interest from the date of filing of the claim was justified, and the interest rate was reduced. Case-Laws Companies Law Thu, 14 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101637