https://www.taxtmi.com/caselaws?id=103491 A petition to wind up an unregistered partnership firm was treated as governed by Article 137 of the Limitation Act, 1963, with time running from the date the right to apply first accrued on dissolution. The court rejected the argument that a continuing obligation to account for post-dissolution profits kept the petition alive, holding that such accounting relief arises only within winding-up proceedings and does not create a fresh cause of action for invoking clauses (b) or (c) of section 583(4) of the Companies Act, 1956. Where the firm was already dissolved, clause (a) was the proper basis, not clauses (b) or (c), so the petition was held barred by limitation and not maintainable on the grounds raised. en-us Thu, 02 Dec 1993 00:00:00 +0530 Thu, 23 Feb 2012 12:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103491 A petition to wind up an unregistered partnership firm was treated as governed by Article 137 of the Limitation Act, 1963, with time running from the date the right to apply first accrued on dissolution. The court rejected the argument that a continuing obligation to account for post-dissolution profits kept the petition alive, holding that such accounting relief arises only within winding-up proceedings and does not create a fresh cause of action for invoking clauses (b) or (c) of section 583(4) of the Companies Act, 1956. Where the firm was already dissolved, clause (a) was the proper basis, not clauses (b) or (c), so the petition was held barred by limitation and not maintainable on the grounds raised. Case-Laws Companies Law Thu, 02 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103491