https://www.taxtmi.com/caselaws?id=102622 An official liquidator's application to recover a company debt is not governed uniformly by Article 137 of the Limitation Act merely because it is brought under section 446(2) of the Companies Act. The applicable limitation article depends on the nature of the underlying claim, and if the proceeding is in substance a suit, the article governing that suit applies. Section 458A operates only as a computation exclusion and does not create a fresh limitation period or revive a claim already time-barred when winding up commenced. The claim was therefore barred by limitation. en-us Thu, 01 Sep 1994 00:00:00 +0530 Wed, 15 Feb 2012 15:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102622 An official liquidator's application to recover a company debt is not governed uniformly by Article 137 of the Limitation Act merely because it is brought under section 446(2) of the Companies Act. The applicable limitation article depends on the nature of the underlying claim, and if the proceeding is in substance a suit, the article governing that suit applies. Section 458A operates only as a computation exclusion and does not create a fresh limitation period or revive a claim already time-barred when winding up commenced. The claim was therefore barred by limitation. Case-Laws Companies Law Thu, 01 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102622