https://www.taxtmi.com/caselaws?id=101965 A claim by an official liquidator for recovery of company debt after winding up was treated as a special proceeding, not an ordinary suit. Limitation was held to stop running on presentation of the winding-up petition and to revive after the winding-up order, so the claim fell within Article 137 of the Limitation Act read with the additional period under Section 458A of the Companies Act, 1956. The claim was therefore within limitation. The request for instalments was allowed on a lenient approach, but waiver of interest was refused because the respondent was attributable with notice of the winding up and retained the use of the money for years. en-us Fri, 03 Aug 1990 00:00:00 +0530 Mon, 13 Feb 2012 12:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101965 A claim by an official liquidator for recovery of company debt after winding up was treated as a special proceeding, not an ordinary suit. Limitation was held to stop running on presentation of the winding-up petition and to revive after the winding-up order, so the claim fell within Article 137 of the Limitation Act read with the additional period under Section 458A of the Companies Act, 1956. The claim was therefore within limitation. The request for instalments was allowed on a lenient approach, but waiver of interest was refused because the respondent was attributable with notice of the winding up and retained the use of the money for years. Case-Laws Companies Law Fri, 03 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101965