https://www.taxtmi.com/caselaws?id=103449 The court held that the company's claims were barred by limitation at the commencement of the winding up proceedings. It emphasized that claims must not be time-barred for the Official Liquidator to enforce them under the Companies Act. Rulings from various High Courts supported the view that time-barred claims are not legally enforceable. The court rejected arguments based on prior judgments, emphasizing that the right to recover debts is not newly acquired during liquidation. The judgment clarified that claims sought to be enforced by the Official Liquidator must not be time-barred under the Limitation Act, 1963. en-us Fri, 29 Aug 1997 00:00:00 +0530 Wed, 22 Feb 2012 18:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103449 The court held that the company's claims were barred by limitation at the commencement of the winding up proceedings. It emphasized that claims must not be time-barred for the Official Liquidator to enforce them under the Companies Act. Rulings from various High Courts supported the view that time-barred claims are not legally enforceable. The court rejected arguments based on prior judgments, emphasizing that the right to recover debts is not newly acquired during liquidation. The judgment clarified that claims sought to be enforced by the Official Liquidator must not be time-barred under the Limitation Act, 1963. Case-Laws Companies Law Fri, 29 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103449