https://www.taxtmi.com/caselaws?id=102085 For an official liquidator's claim under section 446(2), limitation runs from the winding-up order or appointment of the provisional liquidator, not from the date of the last payment. The Court treated the relevant excluded periods under the Companies Act and the Limitation Act as adding to the prescribed limitation period, including the time during which the company was under winding-up proceedings and the additional period under section 458A. On that computation, the claim was within time. Limited set-off was permitted subject to production of the necessary consent letters, and payment by instalments was allowed with consequences for compliance or default. en-us Tue, 06 Nov 1990 00:00:00 +0530 Mon, 13 Feb 2012 16:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102085 For an official liquidator's claim under section 446(2), limitation runs from the winding-up order or appointment of the provisional liquidator, not from the date of the last payment. The Court treated the relevant excluded periods under the Companies Act and the Limitation Act as adding to the prescribed limitation period, including the time during which the company was under winding-up proceedings and the additional period under section 458A. On that computation, the claim was within time. Limited set-off was permitted subject to production of the necessary consent letters, and payment by instalments was allowed with consequences for compliance or default. Case-Laws Companies Law Tue, 06 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102085